Terex (TEX) 10-Q 31 Oct 19 2019 Q3 Quarterly report Financial data

Cover

Cover - shares shares in Millions	9 Months Ended
	Sep. 30, 2019	Oct. 28, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-10702
Entity Registrant Name	Terex Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	34-1531521
Entity Address, Address Line One	200 Nyala Farm Road
Entity Address, City or Town	Westport
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06880
City Area Code	203
Local Phone Number	222-7170
Title of 12(b) Security	Common Stock ($0.01 par value)
Trading Symbol	TEX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		71.3
Entity Central Index Key	0000097216
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 470.6	$ 339.5
Trade receivables (net of allowance of $11.6 and $9.1 at September 30, 2019 and December 31, 2018, respectively)	491.7	535
Inventories	858	918.9
Prepaid and other current assets	198.4	170.1
Current assets held for sale	16.2	459.5
Total current assets	2,034.9	2,423
Non-current assets
Property, plant and equipment – net	359.4	317.3
Operating lease right-of-use assets	119.3
Goodwill	259.7	265.2
Intangible assets – net	10	11.4
Other assets	374.6	400.6
Non-current assets held for sale	2.8	68.4
Total assets	3,160.7	3,485.9
Current liabilities
Notes payable and current portion of long-term debt	9	4.1
Trade accounts payable	558.6	687.2
Accrued compensation and benefits	98.9	123.1
Current maturities of operating leases	24.9
Other current liabilities	222.9	220.8
Current liabilities held for sale	8	179.5
Total current liabilities	922.3	1,214.7
Non-current liabilities
Long-term debt, less current portion	1,166.6	1,210.6
Non-current operating leases	102.2
Retirement plans	65.1	69
Other non-current liabilities	36.4	44.1
Non-current liabilities held for sale	1.8	86.5
Total liabilities	2,294.4	2,624.9
Commitments and contingencies
Stockholders’ equity
Common stock, $.01 par value – authorized 300.0 shares; issued 82.2 and 81.3 shares at September 30, 2019 and December 31, 2018, respectively	0.8	0.8
Additional paid-in capital	812.6	797.3
Retained earnings	754.9	749
Accumulated other comprehensive income (loss)	(300.3)	(284.8)
Less cost of shares of common stock in treasury – 11.6 and 11.7 shares at September 30, 2019 and December 31, 2018, respectively	(401.7)	(401.8)
Total Terex Corporation stockholders’ equity	866.3	860.5
Noncontrolling interest	0	0.5
Total stockholders’ equity	866.3	861
Total liabilities and stockholders’ equity	$ 3,160.7	$ 3,485.9

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net sales	$ 1,024.6	$ 1,098.8	$ 3,468.1	$ 3,468.4
Cost of goods sold	(815)	(858.7)	(2,748.9)	(2,721.1)
Gross profit	209.6	240.1	719.2	747.3
Selling, general and administrative expenses	(123.2)	(135.9)	(407.1)	(416.4)
Income (loss) from operations	86.4	104.2	312.1	330.9
Other income (expense)
Interest income	1.9	1.7	5.4	7
Interest expense	(22)	(18.4)	(69.6)	(52.5)
Other income (expense) – net	1.6	(3.7)	(2.9)	(4.1)
Income (loss) from continuing operations before income taxes	67.9	83.8	245	281.3
(Provision for) benefit from income taxes	(15.5)	(14.6)	(53.8)	(59.2)
Income (loss) from continuing operations	52.4	69.2	191.2	222.1
Income (loss) from discontinued operations – net of tax	(10.1)	(30.8)	(151.8)	(80.2)
Gain (loss) on disposition of discontinued operations – net of tax	(20.9)	0.2	(9.5)	4.8
Net income (loss)	$ 21.4	$ 38.6	$ 29.9	$ 146.7
Basic earnings (loss) per share:
Income (loss) from continuing operations	$ 0.73	$ 0.94	$ 2.69	$ 2.91
Income (loss) from discontinued operations – net of tax	(0.14)	(0.42)	(2.14)	(1.05)
Gain (loss) on disposition of discontinued operations – net of tax	(0.29)	0	(0.13)	0.06
Net income (loss)	0.30	0.52	0.42	1.92
Diluted earnings (loss) per share:
Income (loss) from continuing operations	0.73	0.92	2.66	2.85
Income (loss) from discontinued operations – net of tax	(0.14)	(0.41)	(2.11)	(1.03)
Gain (loss) on disposition of discontinued operations – net of tax	(0.29)	0	(0.13)	0.06
Net income (loss)	$ 0.30	$ 0.51	$ 0.42	$ 1.88
Weighted average number of shares outstanding in per share calculation
Basic (in shares)	71.3	73.7	71	76.3
Diluted (in shares)	71.8	75.1	71.8	77.9
Comprehensive income (loss)	$ 8.4	$ 22.5	$ 14.4	$ 81.9

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets
Trade receivables, allowance (in dollars)	$ 11.6	$ 9.1
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)	82,200,000	81,300,000
Treasury stock (in shares)	11,600,000	11,700,000

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury	Noncontrolling Interest
Total stockholders' equity, Beginning of Period at Dec. 31, 2017	$ 1,222.5	$ 1.3	$ 1,322	$ 1,995.9	$ (239.5)	$ (1,857.7)	$ 0.5
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2017		80.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	50.3			50.3
Other Comprehensive Income (Loss) – net of tax	28.8				28.8
Issuance of Common Stock	15.9		15.9
Issuance of Common Stock (in shares)		0.8
Compensation under Stock-based Plans - net	(21.3)		(23)			1.7
Compensation under Stock-based Plans - net (in shares)		0.1
Dividends	(7.8)		0.2	(8)
Acquisition of Treasury Stock (in shares)		(5.1)
Acquisition of Treasury Stock	(209.5)					(209.5)
Other				2.6	(2.6)
Shares outstanding, End of Period (in shares) at Mar. 31, 2018		76
Total stockholders' equity, End of Period at Mar. 31, 2018	1,078.9	$ 1.3	1,315.1	2,040.8	(213.3)	(2,065.5)	0.5
Total stockholders' equity, Beginning of Period at Dec. 31, 2017	1,222.5	$ 1.3	1,322	1,995.9	(239.5)	(1,857.7)	0.5
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2017		80.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 146.7
Acquisition of Treasury Stock (in shares)	(8)
Acquisition of Treasury Stock	$ (325)
Other	(2.6)
Shares outstanding, End of Period (in shares) at Sep. 30, 2018		73
Total stockholders' equity, End of Period at Sep. 30, 2018	974.7	$ 1.3	1,338.7	2,121.9	(304.3)	(2,183.5)	0.6
Total stockholders' equity, Beginning of Period at Mar. 31, 2018	1,078.9	$ 1.3	1,315.1	2,040.8	(213.3)	(2,065.5)	0.5
Shares oustanding, Beginning of Period (in shares) at Mar. 31, 2018		76
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	57.8			57.8
Other Comprehensive Income (Loss) – net of tax	(74.9)				(74.9)
Issuance of Common Stock	0.3		0.3
Compensation under Stock-based Plans - net	11.3		11.2			0.1
Dividends	(7.5)		0.2	(7.7)
Acquisition of Treasury Stock (in shares)		(2.9)
Acquisition of Treasury Stock	(117.8)					(117.8)
Shares outstanding, End of Period (in shares) at Jun. 30, 2018		73.1
Total stockholders' equity, End of Period at Jun. 30, 2018	948.1	$ 1.3	1,326.8	2,090.9	(288.2)	(2,183.2)	0.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	38.6			38.6
Other Comprehensive Income (Loss) – net of tax	(16)				(16.1)		0.1
Issuance of Common Stock	0.7		0.7
Compensation under Stock-based Plans - net	10.9		10.9
Dividends	(7.3)		0.3	(7.6)
Acquisition of Treasury Stock (in shares)		(0.1)
Acquisition of Treasury Stock	(0.3)					(0.3)
Shares outstanding, End of Period (in shares) at Sep. 30, 2018		73
Total stockholders' equity, End of Period at Sep. 30, 2018	$ 974.7	$ 1.3	1,338.7	2,121.9	(304.3)	(2,183.5)	0.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of Treasury Stock (in shares)	(3.4)
Acquisition of Treasury Stock	$ (100)
Shares outstanding, End of Period (in shares) at Dec. 31, 2018		69.6
Total stockholders' equity, End of Period at Dec. 31, 2018	861	$ 0.8	797.3	749	(284.8)	(401.8)	0.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(66.6)			(66.6)
Other Comprehensive Income (Loss) – net of tax	(2.3)				(2.3)
Issuance of Common Stock	21.4		21.4
Issuance of Common Stock (in shares)		0.7
Compensation under Stock-based Plans - net	(23)		(24.7)			1.7
Compensation under Stock-based Plans - net (in shares)		0.1
Dividends	(7.9)		0.1	(8)
Acquisition of Treasury Stock	(0.3)					(0.3)
Shares outstanding, End of Period (in shares) at Mar. 31, 2019		70.4
Total stockholders' equity, End of Period at Mar. 31, 2019	782.3	$ 0.8	794.1	674.4	(287.1)	(400.4)	0.5
Total stockholders' equity, Beginning of Period at Dec. 31, 2018	861	$ 0.8	797.3	749	(284.8)	(401.8)	0.5
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2018		69.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	29.9
Other	0
Shares outstanding, End of Period (in shares) at Sep. 30, 2019		70.6
Total stockholders' equity, End of Period at Sep. 30, 2019	866.3	$ 0.8	812.6	754.9	(300.3)	(401.7)	0
Total stockholders' equity, Beginning of Period at Mar. 31, 2019	782.3	$ 0.8	794.1	674.4	(287.1)	(400.4)	0.5
Shares oustanding, Beginning of Period (in shares) at Mar. 31, 2019		70.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	75.1			75.1
Other Comprehensive Income (Loss) – net of tax	(0.2)				(0.2)
Issuance of Common Stock	1.5		1.5
Compensation under Stock-based Plans - net	11.8		11.7			0.1
Dividends	(7.8)		0.2	(8)
Acquisition of Treasury Stock	(2.1)					(2.1)
Shares outstanding, End of Period (in shares) at Jun. 30, 2019		70.4
Total stockholders' equity, End of Period at Jun. 30, 2019	860.6	$ 0.8	807.5	741.5	(287.3)	(402.4)	0.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	21.4			21.4
Other Comprehensive Income (Loss) – net of tax	(13)				(13)
Issuance of Common Stock	4.2		4.2
Issuance of Common Stock (in shares)		0.2
Compensation under Stock-based Plans - net	1.7		0.7			1
Dividends	(7.8)		0.2	(8)
Acquisition of Treasury Stock	(0.3)					(0.3)
Noncontrolling Interest, Decrease from Deconsolidation	(0.5)						(0.5)
Shares outstanding, End of Period (in shares) at Sep. 30, 2019		70.6
Total stockholders' equity, End of Period at Sep. 30, 2019	$ 866.3	$ 0.8	$ 812.6	$ 754.9	$ (300.3)	$ (401.7)	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net income (loss)	$ 29.9	$ 146.7
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	38.6	45.4
(Gain) loss on disposition of discontinued operations	9.5	(4.8)
Deferred taxes	(9.6)	6.8
Impairments	82.2	3.5
(Gain) loss on sale of assets	(8.2)	(1.8)
Stock-based compensation expense	31.5	28.1
Inventory and other non-cash charges	44	19.9
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):
Trade receivables	67	(121.2)
Inventories	(11.1)	(174.6)
Trade accounts payable	(151.5)	74.8
Other assets and liabilities	(46.8)	(34.2)
Foreign exchange and other operating activities, net	2.9	(8.2)
Net cash provided by (used in) operating activities	78.4	(19.6)
Investing Activities
Capital expenditures	(75.4)	(63.2)
Proceeds from disposition of investments	0	19.8
Proceeds (payments) from disposition of discontinued operations	172.4	3
Proceeds from sale of assets	31.5	1.3
Other investing activities, net	0	(6.9)
Net cash provided by (used in) investing activities	128.5	(46)
Financing Activities
Repayments of debt	(1,548.2)	(717.8)
Proceeds from issuance of debt	1,508.8	864.6
Share repurchases	(2.4)	(327.3)
Dividends paid	(23.5)	(22.6)
Other financing activities, net	(20.2)	(15.3)
Net cash provided by (used in) financing activities	(85.5)	(218.4)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(18)	(16.6)
Net Increase (Decrease) in Cash and Cash Equivalents	103.4	(300.6)
Cash and Cash Equivalents at Beginning of Period	372.1	630.1
Cash and Cash Equivalents at End of Period	$ 475.5	$ 329.5

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2019
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, 2019 and for the three and nine months ended September 30, 2019 and 2018 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, 2018 has been derived from 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 year ended December 31, 2018 . 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 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. As further described in Note D - “Discontinued Operations and Assets and Liabilities Held for Sale”, on July 31, 2019, the Company completed the previously announced disposition of its Demag ® mobile cranes business (“Demag”) to Tadano Ltd. and certain of its subsidiaries (“Tadano”). During 2019, the Company also exited the North American mobile crane product lines manufactured in its Oklahoma City facility. As a result, the Company reported these operations, formerly part of the Cranes segment, in discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (Loss) for all periods presented, and in assets and liabilities held for sale in the Condensed Consolidated Balance Sheet at September 30, 2019 and December 31, 2018 . Other operations formerly part of the Cranes segment were reorganized to align with the Company’s new management and reporting structure. The utilities business has been consolidated within Aerial Work Platforms (“AWP”), the pick and carry cranes business has been consolidated within Materials Processing (“MP”) and the rough terrain and tower cranes businesses have been consolidated within Corporate and Other. The Company now manages and reports its business in the following segments: (i) AWP and (ii) MP. Prior period amounts have been reclassified to conform with the 2019 presentation. See Note B - “Business Segment Information” and Note D - “Discontinued Operations and Assets and Liabilities Held for Sale” for further information. 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, 2019 are not necessarily indicative of results that may be expected for the year ending December 31, 2019 . Cash and cash equivalents at September 30, 2019 and December 31, 2018 include $4.1 million and $12.6 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 . Recently Issued Accounting Standards Accounting Standards Implemented in 2019 In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-02, “Leases (Topic 842),” (“ASU 2016-02”). The standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize an ROU asset and a 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 are classified as finance or operating, with classification affecting the subsequent expense pattern and presentation 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 2018-10, “Codification Improvements to Topic 842, Leases”, ASU 2018-11, “Leases (Topic 842): Targeted Improvements” (“ASU 2018-11”), ASU 2018-20, “Narrow-Scope Improvements for Lessors” and ASU 2019-01, “Leases (Topic 842): Codification Improvements”, which provided additional guidance and clarity to ASU 2016-02 (collectively, the “Lease Standard”). The Company adopted the Lease Standard on January 1, 2019 under the alternative transition method permitted by ASU 2018-11. This transition method allowed the Company to initially apply the requirements of the Lease Standard at the adoption date, versus at the beginning of the earliest period presented. The Company elected the transition package of practical expedients, the practical expedient to not separate lease and non-lease components for all of its leases, the short-term lease recognition exemption for all of its leases that qualify and the land easement practical expedient; it did not elect the use of hindsight practical expedient. Adoption of the Lease Standard had a material effect on the Company’s condensed consolidated financial statements due to the recognition of approximately $ 138 million of operating lease liabilities (approximately $ 6 million related to discontinued operations) with corresponding ROU assets. The Company implemented a global lease accounting system and updated internal controls over financial reporting, as necessary, to accommodate modifications to its business processes and accounting procedures as a result of the Lease Standard. 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 Company adopted ASU 2018-02 on January 1, 2019. Adoption did not 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 Company completed the adoption of ASU 2018-09 on January 1, 2019. Adoption did not have a material effect on the Company’s consolidated financial statements. Accounting Standards to be Implemented In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” (“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 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. Subsequently, the FASB issued the following standards related to ASU 2016-13: ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses,” and ASU 2019-05, “Financial Instruments-Credit Losses (Topic 326) Targeted Transition Relief,” which provided additional guidance and clarity to ASU 2016-13 (collectively, the “Credit Loss Standard”). The effective date will be the first quarter of fiscal year 2020 and early adoption is permitted. The Credit Loss Standard will be applied using a modified retrospective approach. During the third quarter of 2019, the Company substantially completed its evaluation of the impact of the Credit Loss Standard and does not expect adoption to have a material effect on the Company’s consolidated financial statements. The Company continues to assess changes to its business processes, internal controls and policies. 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 guidance is effective for our fiscal year ending December 31, 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 2018-15, “Intangibles - 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. Adoption is not expected to have a material effect on the Company’s consolidated financial statements. In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” (“ASU 2019-04”). ASU 2019-04 provides narrow scope amendments for Topics 326, 815 and 825. The effective date will be the first quarter of fiscal year 2020 and early adoption is permitted. The Company is currently evaluating the impact that the amendments to Topic 326 will have on the implementation of the Credit Loss Standard. Adoption of the amendments to Topic 815 and Topic 825 are not expected to have a material effect on the Company’s consolidated financial statements. Accrued Warranties . The Company records accruals for potential warranty claims based on its claim experience. The Company’s products are typically sold with a standard warranty covering defects that arise during a fixed period. Each business provides a warranty specific to 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): Balance as of December 31, 2018 $ 39.8 Accruals for warranties issued during the period 32.0 Changes in estimates 4.7 Settlements during the period (34.8 ) Foreign exchange effect/other 1.5 Balance as of September 30, 2019 $ 43.2 Fair Value Measurements. Assets and liabilities measured at fair value on a recurring basis under the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement and Disclosure” (“ASC 820”) include 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”, debt discussed in Note K – “Long-term Obligations” and defined benefit plan assets discussed in Note L – “Retirement Plans and Other Benefits”. 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. Leases. Terex leases approximately 100 real properties, approximately 500 vehicles, and approximately 450 pieces of office and industrial equipment. As the lessee, Terex will classify a lease which it has substantially all the risks and rewards of ownership as a finance lease. The Company determines if an arrangement contains a lease at contract inception. With the exception of short-term leases (leases with terms less than 12 months), all leases with contractual fixed costs are recorded on the balance sheet on the lease commencement date as an ROU asset and a lease liability. Lease liabilities are initially measured at the present value of the minimum lease payments and subsequently increased to reflect the interest accrued and reduced by the lease payments affected. ROU assets are initially measured at the present value of the minimum lease payments adjusted for any prior lease payments, lease incentives and initial direct costs. The Company does not separate lease and non-lease components of a contract for any class of leases. Certain leases contain escalation, renewal and/or termination options that are factored into the ROU asset as appropriate. Operating leases result in a straight-line rent expense over the life of the lease. For finance leases, ROU assets are amortized on a straight-line basis over the life of the lease and interest accretes to the lease liability which results in a higher interest expense at lease inception that declines over the life of the lease. Variable lease costs are expensed as incurred and are not included in the determination of ROU assets or lease liabilities. Short-term leases for real property, vehicles and industrial and office equipment are recognized in the income statement on a straight-line basis over the lease term. The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments, if the rate is not implicit in the lease. Consideration is given to the Company’s recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating incremental borrowing rates. For detailed lease information see Note M - “Leases”.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Terex is a global manufacturer of aerial work platforms, materials processing machinery and cranes. 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 two reportable segments: (i) AWP and (ii) MP. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers, light towers and utility equipment as well as their related components and replacement parts. Customers use these products to construct and maintain industrial, commercial and residential buildings and facilities, construction and maintenance of utility and telecommunication lines, tree trimming, certain construction and foundation drilling applications, and for other commercial operations, as well as in 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, pick and carry cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, 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, maintenance applications to lift equipment or material, and in building roads and bridges. The Company designs, manufactures, services, refurbishes and markets rough terrain and tower cranes, as well as their related components and replacement parts. Customers use rough terrain cranes to move materials and equipment on rugged or uneven terrain and tower cranes, often in urban areas where space is constrained and in long-term or high-rise building sites, to lift construction material and place the material at point of use. Rough terrain and tower cranes are included in Corporate and Other. 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 Corporate and Other. Corporate and Other also includes eliminations among the two segments, as well as general and corporate items. Business segment information is presented below (in millions): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net sales AWP $ 628.2 $ 729.4 $ 2,226.5 $ 2,319.2 MP 338.6 313.6 1,050.0 964.7 Corporate and Other / Eliminations 57.8 55.8 191.6 184.5 Total $ 1,024.6 $ 1,098.8 $ 3,468.1 $ 3,468.4 Income (loss) from operations AWP $ 45.9 $ 81.6 $ 191.8 $ 263.4 MP 52.4 41.4 157.9 125.6 Corporate and Other / Eliminations (11.9 ) (18.8 ) (37.6 ) (58.1 ) Total $ 86.4 $ 104.2 $ 312.1 $ 330.9 Sales between segments are generally priced to recover costs plus a reasonable markup for profit, which is eliminated in consolidation. September 30, December 31, Identifiable assets AWP $ 1,922.7 $ 1,983.5 MP 1,156.7 1,160.1 Corporate and Other / Eliminations (1) 62.3 (185.6 ) Assets held for sale (2) 19.0 527.9 Total $ 3,160.7 $ 3,485.9 (1) Increase due to cash from the sales of Demag and ASV Holdings, Inc. shares and Section 301 tariff receivables. (2) Decrease in assets from the sale of Demag. See Note D - “Discontinued Operations and Assets and Liabilities Held For Sale”. Geographic net sales information is presented below (in millions): Three Months Ended Three Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by region North America $ 429.3 $ 134.1 $ 41.8 $ 605.2 $ 504.5 $ 116.4 $ 31.3 $ 652.2 Western Europe 77.4 100.7 18.6 196.7 97.7 97.8 16.0 211.5 Asia-Pacific 78.5 69.5 3.5 151.5 79.9 65.7 7.1 152.7 Rest of World (1) 43.0 34.3 (6.1 ) 71.2 47.3 33.7 1.4 82.4 Total (2) $ 628.2 $ 338.6 $ 57.8 $ 1,024.6 $ 729.4 $ 313.6 $ 55.8 $ 1,098.8 (1) Includes intercompany sales and eliminations (2) Total sales include $547.1 million and $606.0 million in 2019 and 2018, respectively, attributable to the United States, the Company’s country of domicile. Nine Months Ended Nine Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by region North America $ 1,466.0 $ 419.3 $ 122.9 $ 2,008.2 $ 1,547.9 $ 387.3 $ 95.8 $ 2,031.0 Western Europe 369.9 328.6 69.6 768.1 447.8 276.8 58.0 782.6 Asia-Pacific 253.5 208.3 11.1 472.9 205.2 193.2 18.7 417.1 Rest of World (1) 137.1 93.8 (12.0 ) 218.9 118.3 107.4 12.0 237.7 Total (2) $ 2,226.5 $ 1,050.0 $ 191.6 $ 3,468.1 $ 2,319.2 $ 964.7 $ 184.5 $ 3,468.4 (1) Includes intercompany sales and eliminations. (2) Total sales include $1,829.5 million and $1,876.0 million in 2019 and 2018, respectively, attributable to the United States, the Company’s country of domicile. The Company attributes sales to unaffiliated customers in different geographical areas based on the location of the customer. Product type net sales information is presented below (in millions): Three Months Ended Three Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by product type Aerial Work Platforms $ 426.0 $ — $ 0.5 $ 426.5 $ 518.8 $ — $ 0.7 $ 519.5 Materials Processing Equipment — 222.7 — 222.7 — 208.4 — 208.4 Specialty Equipment — 115.4 — 115.4 — 100.8 — 100.8 Other (1) 202.2 0.5 57.3 260.0 210.6 4.4 55.1 270.1 Total $ 628.2 $ 338.6 $ 57.8 $ 1,024.6 $ 729.4 $ 313.6 $ 55.8 $ 1,098.8 (1) Includes other product types, intercompany sales and eliminations. Nine Months Ended Nine Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by product type Aerial Work Platforms $ 1,581.6 $ — $ 2.2 $ 1,583.8 $ 1,713.8 $ — $ 2.3 $ 1,716.1 Materials Processing Equipment — 670.3 — 670.3 — 637.7 — 637.7 Specialty Equipment — 377.4 — 377.4 — 307.0 — 307.0 Other (1) 644.9 2.3 189.4 836.6 605.4 20.0 182.2 807.6 Total $ 2,226.5 $ 1,050.0 $ 191.6 $ 3,468.1 $ 2,319.2 $ 964.7 $ 184.5 $ 3,468.4 (1) Includes other product types, intercompany sales and eliminations.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended September 30, 2019 , the Company recognized income tax expense of $15.5 million on income of $67.9 million , an effective tax rate of 22.8% , as compared to income tax expense of $14.6 million on income of $83.8 million , an effective tax rate of 17.4% , for the three months ended September 30, 2018 . The higher effective tax rate for the three months ended September 30, 2019 is primarily due to greater tax expense from uncertain tax positions partially offset by favorable jurisdictional mix when compared to the three months ended September 30, 2018 . During the nine months ended September 30, 2019 , the Company recognized income tax expense of $53.8 million on income of $245.0 million , an effective tax rate of 22.0% , as compared to income tax expense of $59.2 million on income of $281.3 million , an effective tax rate of 21.0% , for the nine months ended September 30, 2018 . The higher effective tax rate for the nine months ended September 30, 2019 is primarily due to greater tax expense from uncertain tax positions partially offset by favorable jurisdictional mix when compared to the nine months ended September 30, 2018 .

DISCONTINUED OPERATIONS AND ASS

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE	DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE MOBILE CRANES On July 31, 2019, the Company completed the previously announced disposition of Demag to Tadano pursuant to the terms of the Asset and Stock Purchase Agreement between the Company and Tadano, dated February 22, 2019. The Company received approximately $215 million of consideration, as adjusted for estimated amounts of cash, debt, working capital and certain other items. The final consideration will be adjusted based on the actual amounts of cash, debt and working capital. Products divested are Demag ® all terrain cranes and large lattice boom crawler cranes. During the nine months ended September 30, 2019 , the Company recognized a charge of approximately $82 million , net of tax, to write-down Demag to its fair value, less costs to sell. During the three and nine months ended September 30, 2019 , the Company recorded a loss on disposition of discontinued operations, net of tax, of $ 20.9 million . The Company’s actions to sell Demag and cease manufacturing mobile crane product lines in its Oklahoma City facility represent a significant strategic shift in its business away from mobile cranes as these businesses constituted a significant part of its operations and financial results. The Company believes these actions were necessary as it continues to execute its Focus, Simplify and Execute to Win strategy as further described in Part I, Item 1. “Business” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . In connection with the disposition of Demag, the Company and Tadano entered into certain ancillary agreements, including a Transition Services Agreement (“TSA”), dated as of July 31, 2019, under which the parties will provide one another certain transition services to facilitate the separation of Demag from the Company. Agreements covered under the TSA are generally 12 months or less in duration but certain agreements extend for 36 months. Fees related to these agreements are for reimbursement of services provided. In addition to selling Demag, the Company sold its boom truck, truck crane and crossover product lines and related inventory previously manufactured in its Oklahoma City facility on April 24, 2019. The Company received notes and receivables totaling $27.7 million and recorded a gain, net of tax, of $12.8 million during the nine months ended September 30, 2019 . Income (loss) from discontinued operations The following amounts related to discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net sales $ 67.7 $ 129.6 $ 324.8 $ 423.4 Cost of sales (67.9 ) (136.9 ) (330.8 ) (427.7 ) Selling, general and administrative expenses (12.0 ) (24.9 ) (73.6 ) (80.0 ) Impairment of Mobile Cranes disposal group — — (82.1 ) — Other income (expense) (0.8 ) (0.8 ) (4.5 ) (2.5 ) Income (loss) from discontinued operations before income taxes (13.0 ) (33.0 ) (166.2 ) (86.8 ) (Provision for) benefit from income taxes 2.9 2.2 14.4 6.6 Income (loss) from discontinued operations – net of tax $ (10.1 ) $ (30.8 ) $ (151.8 ) $ (80.2 ) Assets and liabilities held for sale Assets and liabilities held for sale consist of mobile cranes product lines manufactured in Oklahoma City, the Company’s utility hot lines tools business located in South America and Demag, all previously contained in its former Cranes segment. Such assets and liabilities are classified as held for sale upon meeting the requirements of ASC 360 - “Property, Plant and Equipment”, and are recorded at lower of carrying amounts or fair value less costs to sell. Assets are no longer depreciated once classified as held for sale. The following table provides the amounts of assets and liabilities held for sale in the Condensed Consolidated Balance Sheet (in millions): September 30, 2019 December 31, 2018 Cranes Cranes Assets Cash and cash equivalents $ 4.9 $ 32.6 Trade receivables – net 7.9 126.9 Inventories 7.8 295.5 Prepaid and other current assets 0.2 9.4 Impairment reserve (4.6 ) (4.9 ) Current assets held for sale $ 16.2 $ 459.5 Property, plant and equipment – net $ 0.5 $ 28.8 Intangible assets 2.3 4.3 Impairment reserve (2.7 ) (2.9 ) Other assets 2.7 38.2 Non-current assets held for sale $ 2.8 $ 68.4 Liabilities Notes payable and current portion of long-term debt $ — $ 0.6 Trade accounts payable 4.8 101.6 Accruals and other current liabilities 3.2 77.3 Current liabilities held for sale $ 8.0 $ 179.5 Long-term debt, less current portion $ — $ 4.1 Retirement plans and other non-current liabilities — 71.8 Non-current liabilities 1.8 10.6 Non-current liabilities held for sale $ 1.8 $ 86.5 The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions): September 30, 2019 December 31, 2018 Cash and cash equivalents: Cash and cash equivalents - continuing operations $ 470.6 $ 339.5 Cash and cash equivalents - held for sale 4.9 32.6 Total cash and cash equivalents $ 475.5 $ 372.1 The following table provides supplemental cash flow information related to discontinued operations (in millions): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Non-cash operating items: Depreciation and amortization $ 0.1 $ 3.3 $ 3.3 $ 11.1 Impairments $ — $ — $ 82.1 $ 0.9 Deferred taxes $ (7.3 ) $ (4.1 ) $ (5.2 ) $ (3.9 ) Investing activities: Capital expenditures $ (0.7 ) $ (2.9 ) $ (3.4 ) $ (10.3 ) Gain (loss) on disposition of discontinued operations - net of tax (in millions): Three Months Ended September 30, 2019 2018 Cranes Material Handling and Port Solutions Total Material Handling and Port Solutions Other Atlas Total Gain (loss) on disposition of discontinued operations $ (20.8 ) $ — $ (20.8 ) $ (0.2 ) $ — $ — $ (0.2 ) (Provision for) benefit from income taxes (0.1 ) — (0.1 ) — 0.4 — 0.4 Gain (loss) on disposition of discontinued operations – net of tax $ (20.9 ) $ — $ (20.9 ) $ (0.2 ) $ 0.4 $ — $ 0.2 Nine Months Ended September 30, 2019 2018 Cranes Material Handling and Port Solutions Total Material Handling and Port Solutions Other Atlas Total Gain (loss) on disposition of discontinued operations $ (7.1 ) $ (1.3 ) $ (8.4 ) $ (0.8 ) $ — $ 3.2 $ 2.4 (Provision for) benefit from income taxes (1.0 ) (0.1 ) (1.1 ) 0.1 2.8 (0.5 ) 2.4 Gain (loss) on disposition of discontinued operations – net of tax $ (8.1 ) $ (1.4 ) $ (9.5 ) $ (0.7 ) $ 2.8 $ 2.7 $ 4.8

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE (in millions, except per share data) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Income (loss) from continuing operations $ 52.4 $ 69.2 $ 191.2 $ 222.1 Income (loss) from discontinued operations–net of tax (10.1 ) (30.8 ) (151.8 ) (80.2 ) Gain (loss) on disposition of discontinued operations–net of tax (20.9 ) 0.2 (9.5 ) 4.8 Net income (loss) $ 21.4 $ 38.6 $ 29.9 $ 146.7 Basic shares: Weighted average shares outstanding 71.3 73.7 71.0 76.3 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 0.73 $ 0.94 $ 2.69 $ 2.91 Income (loss) from discontinued operations–net of tax (0.14 ) (0.42 ) (2.14 ) (1.05 ) Gain (loss) on disposition of discontinued operations–net of tax (0.29 ) — (0.13 ) 0.06 Net income (loss) $ 0.30 $ 0.52 $ 0.42 $ 1.92 Diluted shares: Weighted average shares outstanding – basic 71.3 73.7 71.0 76.3 Effect of dilutive securities: Restricted stock awards 0.5 1.4 0.8 1.6 Diluted weighted average shares outstanding 71.8 75.1 71.8 77.9 Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 0.73 $ 0.92 $ 2.66 $ 2.85 Income (loss) from discontinued operations–net of tax (0.14 ) (0.41 ) (2.11 ) (1.03 ) Gain (loss) on disposition of discontinued operations–net of tax (0.29 ) — (0.13 ) 0.06 Net income (loss) $ 0.30 $ 0.51 $ 0.42 $ 1.88 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 1.3 million and 0.2 million were outstanding during the three months ended September 30, 2019 and 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. Weighted average restricted stock awards of approximately 1.1 million and 0.1 million were outstanding during the nine months ended September 30, 2019 and 2018

FINANCE RECEIVABLES

FINANCE RECEIVABLES	9 Months Ended
	Sep. 30, 2019
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, Brazil, 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, 2019 , the Company transferred finance receivables of $60.8 million and $179.7 million , respectively, to third party financial institutions, which qualified for sales treatment under ASC 860. 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. The Company had $17.1 million and $19.2 million of held for sale finance receivables recorded in Prepaid and other current assets in the Condensed Consolidated Balance Sheet at September 30, 2019 and December 31, 2018 , 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 $ 143.2 $ 154.0 Sales-type leases 29.1 45.5 Total finance receivables, gross 172.3 199.5 Allowance for credit losses (11.1 ) (5.5 ) Total finance receivables, net $ 161.2 $ 194.0 Approximately $53 million and $72 million of finance receivables are recorded in Prepaid and other current assets and approximately $108 million and $122 million are recorded in Other assets in the Condensed Consolidated Balance Sheet at September 30, 2019 and December 31, 2018 , 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 $ 10.9 $ 1.2 $ 12.1 $ 3.0 $ 1.5 $ 4.5 Provision for credit losses 0.3 (0.5 ) (0.2 ) — — — Charge offs (0.8 ) — (0.8 ) — — — Balance, end of period $ 10.4 $ 0.7 $ 11.1 $ 3.0 $ 1.5 $ 4.5 Nine Months Ended Nine Months Ended Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Balance, beginning of period $ 4.0 $ 1.5 $ 5.5 $ 5.7 $ 0.9 $ 6.6 Provision for credit losses 7.2 (0.8 ) 6.4 (1.6 ) 0.6 (1.0 ) Charge offs (0.8 ) — (0.8 ) (1.1 ) — (1.1 ) Balance, end of period $ 10.4 $ 0.7 $ 11.1 $ 3.0 $ 1.5 $ 4.5 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, 2019 December 31, 2018 Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Recorded investment $ 7.6 $ — $ 7.6 $ 1.5 $ — $ 1.5 Related allowance 7.6 — 7.6 0.6 — 0.6 Average recorded investment 7.4 — 7.4 2.4 — 2.4 The average recorded investment for impaired finance receivables was $2.7 million for commercial loans at September 30, 2018 . There were no impaired sales-type leases at September 30, 2018 . 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, 2019 December 31, 2018 Allowance for credit losses, ending balance: Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Individually evaluated for impairment $ 7.6 $ — $ 7.6 $ 0.6 $ — $ 0.6 Collectively evaluated for impairment 2.8 0.7 3.5 3.4 1.5 4.9 Total allowance for credit losses $ 10.4 $ 0.7 $ 11.1 $ 4.0 $ 1.5 $ 5.5 Finance receivables, ending balance: Individually evaluated for impairment $ 7.6 $ — $ 7.6 $ 1.5 $ — $ 1.5 Collectively evaluated for impairment 135.6 29.1 164.7 152.5 45.5 198.0 Total finance receivables $ 143.2 $ 29.1 $ 172.3 $ 154.0 $ 45.5 $ 199.5 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, 2019 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 $ 133.3 $ 1.9 $ — $ 8.0 $ 9.9 $ 143.2 Sales-type leases 28.9 0.2 — — 0.2 29.1 Total finance receivables $ 162.2 $ 2.1 $ — $ 8.0 $ 10.1 $ 172.3 December 31, 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 $ 152.2 $ 0.1 $ — $ 1.7 $ 1.8 $ 154.0 Sales-type leases 45.3 0.2 — — 0.2 45.5 Total finance receivables $ 197.5 $ 0.3 $ — $ 1.7 $ 2.0 $ 199.5 Commercial loans in the amount of $12.1 million and $6.0 million were on non-accrual status as of September 30, 2019 and December 31, 2018 , respectively. Sales-type leases in the amount of $0.1 million were on non-accrual status at September 30, 2019 and there were no sales-type leases on non-accrual status at December 31, 2018 . 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, 2019 December 31, 2018 Superior $ 1.0 $ 7.5 Above Average 17.2 30.7 Average 51.7 56.9 Below Average 93.8 94.5 Sub Standard 8.6 9.9 Total $ 172.3 $ 199.5 The Company believes the finance receivables retained, net of allowance for credit losses, are collectible.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following (in millions): September 30, December 31, Finished equipment $ 408.1 $ 478.4 Replacement parts 154.9 143.3 Work-in-process 87.7 86.5 Raw materials and supplies 207.3 210.7 Inventories $ 858.0 $ 918.9 Reserves for lower of cost or net realizable value and excess and obsolete inventory were $51.4 million and $49.8 million at September 30, 2019 and December 31, 2018 , respectively.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2019
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 $ 38.7 $ 39.6 Plant 159.5 161.3 Equipment 344.5 337.3 Leasehold improvements 54.0 49.1 Construction in progress 90.1 42.2 Property, plant and equipment – gross 686.8 629.5 Less: Accumulated depreciation (327.4 ) (312.2 ) Property, plant and equipment – net $ 359.4 $ 317.3

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2019
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 MP Total Balance at December 31, 2018, gross $ 139.2 $ 187.8 $ 327.0 Accumulated impairment (38.6 ) (23.2 ) (61.8 ) Balance at December 31, 2018, net 100.6 164.6 265.2 Foreign exchange effect and other (0.9 ) (4.6 ) (5.5 ) Balance at September 30, 2019, gross 138.3 183.2 321.5 Accumulated impairment (38.6 ) (23.2 ) (61.8 ) Balance at September 30, 2019, net $ 99.7 $ 160.0 $ 259.7 Intangible assets, net were comprised of the following (in millions): September 30, 2019 December 31, 2018 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 $ 9.1 $ (8.6 ) $ 0.5 $ 9.7 $ (9.1 ) $ 0.6 Customer Relationships 22 25.4 (22.4 ) 3.0 25.6 (21.7 ) 3.9 Land Use Rights 82 4.3 (0.6 ) 3.7 4.4 (0.6 ) 3.8 Other 8 25.0 (22.2 ) 2.8 24.9 (21.8 ) 3.1 Total definite-lived intangible assets $ 63.8 $ (53.8 ) $ 10.0 $ 64.6 $ (53.2 ) $ 11.4 Three Months Ended Nine Months Ended (in millions) 2019 2018 2019 2018 Aggregate Amortization Expense $ 0.4 $ 0.4 $ 1.3 $ 1.4 Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years is: 2019 $ 1.8 2020 $ 1.7 2021 $ 1.6 2022 $ 1.4 2023 $ 0.9

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2019
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, 2019 mature on or before September 30, 2020 . At September 30, 2019 and December 31, 2018 , the Company had $428.8 million and $368.2 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 recognized assets and liabilities. The Company had $77.4 million and $107.8 million notional amount of foreign exchange contracts outstanding that were not designated as hedging instruments at September 30, 2019 and December 31, 2018 , 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 outstanding notional amounts of $43.6 million and $8.2 million at September 30, 2019 , respectively. The outstanding notional amount of cross currency swaps and commodity swaps was $45.9 million and $11.2 million at December 31, 2018 , respectively. 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. Fair values of cross currency swaps are based on the present value of future cash payments and receipts. Fair values of commodity swaps are based on observable market data for similar assets and liabilities. Changes in the fair value of 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 $ 3.4 $ — $ 2.9 $ 0.2 Cross currency swaps Other current assets 0.9 — 0.8 — Debt conversion feature Other assets — 0.2 — 0.5 Cross currency swaps Other assets 0.3 — — — Foreign exchange contracts Other current liabilities (8.6 ) (0.5 ) (5.0 ) — Commodity swaps Other current liabilities (1.2 ) — (1.1 ) — Cross currency swaps Other non-current liabilities — — (3.0 ) — Net derivative asset (liability) $ (5.2 ) $ (0.3 ) $ (5.4 ) $ 0.7 (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 Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ (1.9 ) (1.4 ) Cost of goods sold $ (2.8 ) $ (5.2 ) Commodity swaps 0.2 (0.1 ) Cost of goods sold (1.5 ) (2.5 ) Cross currency swaps 0.2 0.9 Other income (expense) - net 1.9 2.3 Total $ (1.5 ) $ (0.6 ) Total $ (2.4 ) $ (5.4 ) Gain (Loss) Recognized on Derivatives in OCI, net of tax Gain (Loss) Reclassified from AOCI into Income Instrument Three Months Ended Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ 0.3 $ (6.5 ) Cost of goods sold $ (1.3 ) $ 1.3 Cross currency swaps (0.2 ) (0.7 ) Other income (expense) - net 0.3 1.6 Total $ 0.1 $ (7.2 ) Total $ (1.0 ) $ 2.9 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 Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (815.0 ) $ (2,748.9 ) $ 1.6 $ (2.9 ) Gain (Loss) Reclassified from AOCI into Income: Foreign exchange contracts (2.8 ) (5.2 ) — — Commodity swaps (1.5 ) (2.5 ) — — Cross currency swaps — — 1.9 2.3 Total $ (4.3 ) $ (7.7 ) $ 1.9 $ 2.3 Classification and amount of Gain or Loss Recognized in Income Cost of goods sold Other income (expense) - net Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (858.7 ) $ (2,721.1 ) $ (3.7 ) $ (4.1 ) Gain (Loss) Reclassified from AOCI into Income: Foreign exchange contracts (1.3 ) 1.3 — — Cross currency swaps — — 0.3 1.6 Total $ (1.3 ) $ 1.3 $ 0.3 $ 1.6 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 Instrument Income Statement Account Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Foreign exchange contracts Other income (expense) – net $ (0.4 ) $ (0.7 ) $ (0.6 ) $ (0.9 ) Debt conversion feature Other income (expense) – net (0.1 ) (0.4 ) (1.1 ) (0.3 ) Total $ (0.5 ) $ (1.1 ) $ (1.7 ) $ (1.2 ) 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, 2019 , it is estimated that $4.1 million of losses are expected to be reclassified into earnings in the next twelve months.

LONG-TERM OBLIGATIONS

LONG-TERM OBLIGATIONS	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
LONG-TERM OBLIGATIONS	LONG-TERM OBLIGATIONS 2017 Credit Agreement On January 31, 2017, the Company entered into a 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 (i) a $600 million revolving line of credit (the “Revolver”) and (ii) senior secured term loans totaling $600 million that will mature on January 31, 2024 (the “Term Loans”); both are further described below. In connection with the 2017 Credit Agreement, the Company terminated its previous credit agreement with the lenders party thereto and CSAG, as administrative agent and collateral agent and related agreements and documents (the “2014 Credit Agreement”). The 2017 Credit Agreement contains a $400.0 million senior secured term loan (the “Original Term Loan”). 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 Original 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 Original Term Loan by an additional 25 basis points. The Original 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 March 7, 2019, the Company entered into an Incremental Assumption Agreement and Amendment No. 3 (“Amendment No. 3”) to the 2017 Credit Agreement. Amendment No. 3 provided the Company with an additional term loan (the “2019 Term Loan”) under the 2017 Credit Agreement in the amount of $200 million . The 2019 Term Loan portion of the 2017 Credit Agreement bears interest at a rate of LIBOR plus 2.75% 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. The Company was in compliance with the covenants contained in the 2017 Credit Agreement as of September 30, 2019. 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, 2019 and December 31, 2018 , the Company had $586.8 million and $391.4 million , net of discount, respectively, in Term Loans outstanding under the 2017 Credit Agreement. The weighted average interest rate on the Term Loans at September 30, 2019 and December 31, 2018 was 4.30% and 4.50% , respectively. The Company had no revolving credit amounts outstanding as of September 30, 2019 and $237.0 million outstanding as of December 31, 2018 . The weighted average interest rate on the revolving credit amounts at December 31, 2018 was 5.98% . The Company issues letters of credit that generally serve as collateral for certain liabilities included in the Condensed Consolidated Balance Sheet and guaranteeing the Company’s performance under contracts. Letters of credit can be issued under two facilities provided in the 2017 Credit Agreement and via bilateral arrangements outside the 2017 Credit Agreement. The 2017 Credit Agreement incorporates secured facilities for issuance of letters of credit up to $400 million (the “$400 Million Facility”). Letters of credit issued under the $400 Million Facility decrease availability under the Revolver. The 2017 Credit Agreement also permits the Company to have additional secured facilities for the issuance of letters of credit up to $300 million (the “$300 Million Facility”). Letters of credit issued under the $300 Million Facility do not decrease availability under the Revolver. The Company also has bilateral arrangements to issue letters of credit with various other financial institutions (the “Bilateral Arrangements”). The Bilateral Arrangements are not secured under the 2017 Credit Agreement and do not decrease availability under the Revolver. Letters of credit outstanding (in millions): September 30, 2019 December 31, 2018 Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Total $400 Million Facility $ — $ — $ — $ — $ — $ — $300 Million Facility 34.7 — 34.7 33.4 — 33.4 Bilateral Arrangements 44.0 — 44.0 32.0 10.4 42.4 Total $ 78.7 $ — $ 78.7 $ 65.4 $ 10.4 $ 75.8 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. 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 the Company’s Material Handling and Port Solutions business, was used: (i) to complete a tender offer for up to $550.0 million of the Company’s Senior Notes due 2021 (“ 6% Notes”), (ii) to redeem and discharge such portion of the 6% 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 the Company’s 6-1/2% senior notes due 2021 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. 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, 2019 , as follows (in millions, except for quotes): Book Value Quote FV 5-5/8% Notes $ 600.0 $ 1.03060 $ 618 2017 Credit Agreement Original Term Loan (net of discount) $ 388.7 $ 1.00333 $ 390 2017 Credit Agreement 2019 Term Loan (net of discount) $ 198.1 $ 1.00583 $ 199 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 is 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, 2019
Retirement Benefits [Abstract]
RETIREMENT PLANS AND OTHER BENEFITS	RETIREMENT PLANS AND OTHER BENEFITS The Company maintains defined benefit plans in France, Germany, India, Switzerland and the United Kingdom for some of its subsidiaries, as well as 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 has several non-pension post-retirement benefit programs, 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 2019 2018 2019 2018 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 $ — $ 0.4 $ — $ 0.1 $ 0.3 $ — $ 0.1 $ 1.1 $ — $ 0.3 $ 1.0 $ — Interest cost 0.5 0.8 — 1.2 0.9 — 1.3 2.6 0.1 3.5 2.8 — Expected return on plan assets — (1.1 ) — (1.5 ) (1.3 ) — — (3.5 ) — (4.5 ) (4.0 ) — Amortization of actuarial loss (0.1 ) 0.4 — 0.8 0.4 — (0.4 ) 1.2 — 2.5 1.1 — Other costs — — — — — — — — — — 0.2 — Net periodic cost $ 0.4 $ 0.5 $ — $ 0.6 $ 0.3 $ — $ 1.0 $ 1.4 $ 0.1 $ 1.8 $ 1.1 $ — 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.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	LEASES Terex has operating leases for real property, vehicles and office and industrial equipment, generally expiring over terms from 1 to 15 years. Many of the leases held by Terex include options to extend or terminate the lease. Real property leases are used for office, administrative and industrial purposes. The base terms of these leases typically expire over a period of 6 years, with options to renew for an additional 68 months. Most of our renewal options are linked to market conditions and Terex cannot estimate how existing renewal options will affect the monthly payments. Residual value guarantees are not material. The vehicle leases mainly include cars and trucks. Term length for these leases typically varies between 1 and 7 years. Office and industrial equipment leases primarily include machinery used for conducting business at office locations and manufacturing sites worldwide. Term length for these leases typically varies between 1 and 6 years. Operating Leases Operating lease cost consists of the following (in millions): Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Operating lease cost $ 9.5 $ 25.2 Variable lease cost 1.6 5.0 Short-term lease cost 1.4 4.1 Total operating lease costs $ 12.5 $ 34.3 Variable lease costs correspond to future period lease payments which are determined at fair market value at determined points in time. Operating lease obligations consist primarily of commitments to rent real properties. Supplemental balance sheet information related to leases (in millions, except lease term and discount rate): September 30, 2019 Operating lease right-of-use assets $ 119.3 Current maturities of operating leases $ 24.9 Non-current operating leases 102.2 Total operating lease liabilities $ 127.1 Weighted average discount rate for operating leases 5.58 % Weighted average remaining operating lease term in years 6 Maturities of operating lease liabilities (in millions): Years Ending December 31, September 30, 2019 2019 $ 8.5 2020 29.7 2021 26.2 2022 23.4 2023 20.5 Thereafter 41.1 Total undiscounted operating lease payments 149.4 Less: Imputed interest (22.3 ) Total operating lease liabilities 127.1 Less: Current maturities of operating lease liabilities (24.9 ) Non-current operating lease liabilities $ 102.2 Supplemental cash flow and other information related to operating leases (in millions): Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 27.8 Operating right-of-use assets obtained in exchange for operating lease liabilities $ 17.2 Disclosures related to periods prior to adoption of the Lease Standard Future minimum noncancellable operating lease payments at December 31, 2018 are as follows (in millions): 2019 $ 30.5 2020 25.8 2021 22.9 2022 18.7 2023 16.4 Thereafter 37.0 Total minimum obligations $ 151.3 Most of the Company’s operating leases provide the Company with the option to renew the leases for varying periods after the initial lease terms. These renewal options enable the Company to renew the leases based upon the fair rental values at the date of expiration of the initial lease. Total rental expense under operating leases was $37.5 million in 2018 .

LITIGATION AND CONTINGENCIES

LITIGATION AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
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, which generally covered the time period from February 2008 to February 2009, alleged violations of federal securities laws and Delaware law claiming, 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. With respect to these claims, the Company believes that it acted at all times in compliance with all applicable laws and, without any admission of wrongdoing or liability, has settled the stockholder derivative and securities lawsuits. The settlement amounts with respect to each lawsuit were covered by the Company’s insurance policies and did not have a material effect on the Company’s financial results. As part of the stockholder derivative settlement, the Company has agreed to make certain amendments to its corporate governance procedures. 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. Terex Latin América Equipamentos Ltda ICMS Proceedings Terex Latin America Equipamentos Ltda (“TLA”) imports Terex products into Brazil through the state of Espirito Santo to its facility in Sao Paulo. For the 2004 through March 2009 period TLA used a third party trading company, SAB, as an agent to process the importation of Terex products. TLA properly paid the Espirito Santo ICMS tax (Brazilian state value-added tax) to SAB for payment to Espirito Santo, which would produce an ICMS credit to be used against imposition of Sao Paolo ICMS tax. SAB went into bankruptcy and may not have actually remitted to Espirito Santo the ICMS tax amounts paid to it by TLA. The Brazilian state of Sao Paulo challenged the credit against Sao Paolo ICMS that TLA claimed and assessed unpaid ICMS and related interest in the amount of approximately BRL 102 million . TLA challenged the claim of Sao Paulo and learned in October 2019 that the Sao Paulo claim has survived the administrative tribunal process. TLA anticipates that it will receive notice for an amount due from Sao Paulo and expects to protest the Sao Paulo claim in litigation which is likely to commence at the end of 2019 or early 2020. While the Company believes the position of the state of Sao Paulo is without merit and continues to vigorously oppose it, no assurance can be given as to the final resolution of the ICMS litigation or that TLA will not ultimately be required to pay ICMS and interest to the state of Sao Paulo. 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. These may require the Company to: (i) pay-off the customer’s obligations, (ii) assume the customer’s payments or (iii) pay a predetermined percentage of the customer’s outstanding obligation. The current amount of the maximum potential liability under these credit guarantees cannot be reasonably estimated due to limited availability of the unique facts and circumstances of each arrangement, such as customer delinquency and whether changes have been made to the structure of the contractual obligation between the funder and customer. For credit guarantees outstanding as of September 30, 2019 and December 31, 2018 , the maximum exposure determined at inception was $55.8 million and $59.2 million ( $20.3 million related to discontinued operations), 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.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2019
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, 2019 and 2018 . All amounts are net of tax (in millions). Three Months Ended Three Months Ended CTA (1) 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 $ (231.7 ) $ (3.5 ) $ 2.1 $ (54.2 ) $ (287.3 ) $ (187.8 ) $ (5.2 ) $ 0.7 $ (95.9 ) $ (288.2 ) Other comprehensive income (loss) before reclassifications (51.9 ) (3.5 ) 0.4 14.4 (40.6 ) (18.1 ) (1.0 ) 0.4 0.7 (18.0 ) Amounts reclassified from AOCI 26.1 2.0 — (0.5 ) 27.6 (0.7 ) 1.1 — 1.5 1.9 Net Other Comprehensive Income (Loss) (25.8 ) (1.5 ) 0.4 13.9 (13.0 ) (18.8 ) 0.1 0.4 2.2 (16.1 ) Ending balance $ (257.5 ) $ (5.0 ) $ 2.5 $ (40.3 ) $ (300.3 ) $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) (1) Reclassifications relate to 26.1 million of losses (net of 2.8 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of Demag. Nine Months Ended Nine Months Ended CTA (1) 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 $ (225.6 ) $ (4.4 ) $ 0.8 $ (55.6 ) $ (284.8 ) $ (144.7 ) $ 2.1 $ 4.3 $ (101.2 ) $ (239.5 ) Other comprehensive income (loss) before reclassifications (58.0 ) (5.7 ) 1.7 14.6 (47.4 ) (61.2 ) (5.7 ) (0.6 ) 3.0 (64.5 ) Amounts reclassified from AOCI 26.1 5.1 — 0.7 31.9 (0.7 ) (1.5 ) — 4.5 2.3 Net Other Comprehensive Income (Loss) (31.9 ) (0.6 ) 1.7 15.3 (15.5 ) (61.9 ) (7.2 ) (0.6 ) 7.5 (62.2 ) Other (2) — — — — — — — (2.6 ) — (2.6 ) Ending balance $ (257.5 ) $ (5.0 ) $ 2.5 $ (40.3 ) $ (300.3 ) $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) (1) Reclassifications relate to 26.1 million of losses (net of 2.8 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of Demag. (2) Other relates to amounts reclassified from AOCI to Retained Earnings in connection with the adoption of ASU 2016-01 and 2016-16. Stock-Based Compensation During the nine months ended September 30, 2019 , the Company awarded 1.1 million shares of restricted stock to its employees with a weighted average grant date fair value of $34.22 per share. Approximately 57% of these awards are time-based and vest ratably on each of the first three anniversary dates. Approximately 28% 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 15% 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 $38.77 per share for the awards with a market condition granted on March 12, 2019. 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 12, 2019 Dividend yields 1.31 % Expected volatility 36.64 % Risk free interest rate 2.40 % Expected life (in years) 3 Share Repurchases and Dividends In February 2018, Terex’s Board of Directors authorized 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 under this authorization. In July 2018, Terex’s Board of Directors’ authorized the Company to repurchase up to an additional $300 million of the Company’s outstanding shares of common stock, of which the Company repurchased 3.4 million shares for $100 million during the fourth quarter of 2018. During the nine months ended September 30, 2019 , the Company did no t repurchase shares under the July 2018 authorization, leaving $200 million available for repurchase under this program. In the first, second and third quarter of 2019, Terex’s Board of Directors declared a dividend of $0.11 per share, which was paid to the Company’s shareholders. In October 2019, Terex’s Board of Directors declared a dividend of $0.11 per share which will be paid on December 19, 2019.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued Warranties	Accrued Warranties . The Company records accruals for potential warranty claims based on its claim experience. The Company’s products are typically sold with a standard warranty covering defects that arise during a fixed period. Each business provides a warranty specific to 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 Accounting Standards Codification (“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”, debt discussed in Note K – “Long-term Obligations” and defined benefit plan assets discussed in Note L – “Retirement Plans and Other Benefits”. 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.
Leases	Leases. Terex leases approximately 100 real properties, approximately 500 vehicles, and approximately 450 pieces of office and industrial equipment. As the lessee, Terex will classify a lease which it has substantially all the risks and rewards of ownership as a finance lease. The Company determines if an arrangement contains a lease at contract inception. With the exception of short-term leases (leases with terms less than 12 months), all leases with contractual fixed costs are recorded on the balance sheet on the lease commencement date as an ROU asset and a lease liability. Lease liabilities are initially measured at the present value of the minimum lease payments and subsequently increased to reflect the interest accrued and reduced by the lease payments affected. ROU assets are initially measured at the present value of the minimum lease payments adjusted for any prior lease payments, lease incentives and initial direct costs. The Company does not separate lease and non-lease components of a contract for any class of leases. Certain leases contain escalation, renewal and/or termination options that are factored into the ROU asset as appropriate. Operating leases result in a straight-line rent expense over the life of the lease. For finance leases, ROU assets are amortized on a straight-line basis over the life of the lease and interest accretes to the lease liability which results in a higher interest expense at lease inception that declines over the life of the lease. Variable lease costs are expensed as incurred and are not included in the determination of ROU assets or lease liabilities. Short-term leases for real property, vehicles and industrial and office equipment are recognized in the income statement on a straight-line basis over the lease term. The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments, if the rate is not implicit in the lease. Consideration is given to the Company’s recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating incremental borrowing rates.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Product Warranty Liability	The following table summarizes the changes in the consolidated product warranty liability (in millions): Balance as of December 31, 2018 $ 39.8 Accruals for warranties issued during the period 32.0 Changes in estimates 4.7 Settlements during the period (34.8 ) Foreign exchange effect/other 1.5 Balance as of September 30, 2019 $ 43.2

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of business segment information	Business segment information is presented below (in millions): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net sales AWP $ 628.2 $ 729.4 $ 2,226.5 $ 2,319.2 MP 338.6 313.6 1,050.0 964.7 Corporate and Other / Eliminations 57.8 55.8 191.6 184.5 Total $ 1,024.6 $ 1,098.8 $ 3,468.1 $ 3,468.4 Income (loss) from operations AWP $ 45.9 $ 81.6 $ 191.8 $ 263.4 MP 52.4 41.4 157.9 125.6 Corporate and Other / Eliminations (11.9 ) (18.8 ) (37.6 ) (58.1 ) Total $ 86.4 $ 104.2 $ 312.1 $ 330.9 Sales between segments are generally priced to recover costs plus a reasonable markup for profit, which is eliminated in consolidation. September 30, December 31, Identifiable assets AWP $ 1,922.7 $ 1,983.5 MP 1,156.7 1,160.1 Corporate and Other / Eliminations (1) 62.3 (185.6 ) Assets held for sale (2) 19.0 527.9 Total $ 3,160.7 $ 3,485.9 (1) Increase due to cash from the sales of Demag and ASV Holdings, Inc. shares and Section 301 tariff receivables. (2) Decrease in assets from the sale of Demag. See Note D - “Discontinued Operations and Assets and Liabilities Held For Sale”. Geographic net sales information is presented below (in millions): Three Months Ended Three Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by region North America $ 429.3 $ 134.1 $ 41.8 $ 605.2 $ 504.5 $ 116.4 $ 31.3 $ 652.2 Western Europe 77.4 100.7 18.6 196.7 97.7 97.8 16.0 211.5 Asia-Pacific 78.5 69.5 3.5 151.5 79.9 65.7 7.1 152.7 Rest of World (1) 43.0 34.3 (6.1 ) 71.2 47.3 33.7 1.4 82.4 Total (2) $ 628.2 $ 338.6 $ 57.8 $ 1,024.6 $ 729.4 $ 313.6 $ 55.8 $ 1,098.8 (1) Includes intercompany sales and eliminations (2) Total sales include $547.1 million and $606.0 million in 2019 and 2018, respectively, attributable to the United States, the Company’s country of domicile. Nine Months Ended Nine Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by region North America $ 1,466.0 $ 419.3 $ 122.9 $ 2,008.2 $ 1,547.9 $ 387.3 $ 95.8 $ 2,031.0 Western Europe 369.9 328.6 69.6 768.1 447.8 276.8 58.0 782.6 Asia-Pacific 253.5 208.3 11.1 472.9 205.2 193.2 18.7 417.1 Rest of World (1) 137.1 93.8 (12.0 ) 218.9 118.3 107.4 12.0 237.7 Total (2) $ 2,226.5 $ 1,050.0 $ 191.6 $ 3,468.1 $ 2,319.2 $ 964.7 $ 184.5 $ 3,468.4 (1) Includes intercompany sales and eliminations. (2) Total sales include $1,829.5 million and $1,876.0 million in 2019 and 2018, respectively, attributable to the United States, the Company’s country of domicile. The Company attributes sales to unaffiliated customers in different geographical areas based on the location of the customer. Product type net sales information is presented below (in millions): Three Months Ended Three Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by product type Aerial Work Platforms $ 426.0 $ — $ 0.5 $ 426.5 $ 518.8 $ — $ 0.7 $ 519.5 Materials Processing Equipment — 222.7 — 222.7 — 208.4 — 208.4 Specialty Equipment — 115.4 — 115.4 — 100.8 — 100.8 Other (1) 202.2 0.5 57.3 260.0 210.6 4.4 55.1 270.1 Total $ 628.2 $ 338.6 $ 57.8 $ 1,024.6 $ 729.4 $ 313.6 $ 55.8 $ 1,098.8 (1) Includes other product types, intercompany sales and eliminations. Nine Months Ended Nine Months Ended AWP MP Corporate and Other / Eliminations Total AWP MP Corporate and Other / Eliminations Total Net sales by product type Aerial Work Platforms $ 1,581.6 $ — $ 2.2 $ 1,583.8 $ 1,713.8 $ — $ 2.3 $ 1,716.1 Materials Processing Equipment — 670.3 — 670.3 — 637.7 — 637.7 Specialty Equipment — 377.4 — 377.4 — 307.0 — 307.0 Other (1) 644.9 2.3 189.4 836.6 605.4 20.0 182.2 807.6 Total $ 2,226.5 $ 1,050.0 $ 191.6 $ 3,468.1 $ 2,319.2 $ 964.7 $ 184.5 $ 3,468.4 (1) Includes other product types, intercompany sales and eliminations.

DISCONTINUED OPERATIONS AND A_2

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of disposal groups, including discontinued operations	The following table provides the amounts of assets and liabilities held for sale in the Condensed Consolidated Balance Sheet (in millions): September 30, 2019 December 31, 2018 Cranes Cranes Assets Cash and cash equivalents $ 4.9 $ 32.6 Trade receivables – net 7.9 126.9 Inventories 7.8 295.5 Prepaid and other current assets 0.2 9.4 Impairment reserve (4.6 ) (4.9 ) Current assets held for sale $ 16.2 $ 459.5 Property, plant and equipment – net $ 0.5 $ 28.8 Intangible assets 2.3 4.3 Impairment reserve (2.7 ) (2.9 ) Other assets 2.7 38.2 Non-current assets held for sale $ 2.8 $ 68.4 Liabilities Notes payable and current portion of long-term debt $ — $ 0.6 Trade accounts payable 4.8 101.6 Accruals and other current liabilities 3.2 77.3 Current liabilities held for sale $ 8.0 $ 179.5 Long-term debt, less current portion $ — $ 4.1 Retirement plans and other non-current liabilities — 71.8 Non-current liabilities 1.8 10.6 Non-current liabilities held for sale $ 1.8 $ 86.5 The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions): September 30, 2019 December 31, 2018 Cash and cash equivalents: Cash and cash equivalents - continuing operations $ 470.6 $ 339.5 Cash and cash equivalents - held for sale 4.9 32.6 Total cash and cash equivalents $ 475.5 $ 372.1 The following table provides supplemental cash flow information related to discontinued operations (in millions): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Non-cash operating items: Depreciation and amortization $ 0.1 $ 3.3 $ 3.3 $ 11.1 Impairments $ — $ — $ 82.1 $ 0.9 Deferred taxes $ (7.3 ) $ (4.1 ) $ (5.2 ) $ (3.9 ) Investing activities: Capital expenditures $ (0.7 ) $ (2.9 ) $ (3.4 ) $ (10.3 ) Gain (loss) on disposition of discontinued operations - net of tax (in millions): Three Months Ended September 30, 2019 2018 Cranes Material Handling and Port Solutions Total Material Handling and Port Solutions Other Atlas Total Gain (loss) on disposition of discontinued operations $ (20.8 ) $ — $ (20.8 ) $ (0.2 ) $ — $ — $ (0.2 ) (Provision for) benefit from income taxes (0.1 ) — (0.1 ) — 0.4 — 0.4 Gain (loss) on disposition of discontinued operations – net of tax $ (20.9 ) $ — $ (20.9 ) $ (0.2 ) $ 0.4 $ — $ 0.2 Nine Months Ended September 30, 2019 2018 Cranes Material Handling and Port Solutions Total Material Handling and Port Solutions Other Atlas Total Gain (loss) on disposition of discontinued operations $ (7.1 ) $ (1.3 ) $ (8.4 ) $ (0.8 ) $ — $ 3.2 $ 2.4 (Provision for) benefit from income taxes (1.0 ) (0.1 ) (1.1 ) 0.1 2.8 (0.5 ) 2.4 Gain (loss) on disposition of discontinued operations – net of tax $ (8.1 ) $ (1.4 ) $ (9.5 ) $ (0.7 ) $ 2.8 $ 2.7 $ 4.8 The following amounts related to discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net sales $ 67.7 $ 129.6 $ 324.8 $ 423.4 Cost of sales (67.9 ) (136.9 ) (330.8 ) (427.7 ) Selling, general and administrative expenses (12.0 ) (24.9 ) (73.6 ) (80.0 ) Impairment of Mobile Cranes disposal group — — (82.1 ) — Other income (expense) (0.8 ) (0.8 ) (4.5 ) (2.5 ) Income (loss) from discontinued operations before income taxes (13.0 ) (33.0 ) (166.2 ) (86.8 ) (Provision for) benefit from income taxes 2.9 2.2 14.4 6.6 Income (loss) from discontinued operations – net of tax $ (10.1 ) $ (30.8 ) $ (151.8 ) $ (80.2 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share	(in millions, except per share data) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Income (loss) from continuing operations $ 52.4 $ 69.2 $ 191.2 $ 222.1 Income (loss) from discontinued operations–net of tax (10.1 ) (30.8 ) (151.8 ) (80.2 ) Gain (loss) on disposition of discontinued operations–net of tax (20.9 ) 0.2 (9.5 ) 4.8 Net income (loss) $ 21.4 $ 38.6 $ 29.9 $ 146.7 Basic shares: Weighted average shares outstanding 71.3 73.7 71.0 76.3 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 0.73 $ 0.94 $ 2.69 $ 2.91 Income (loss) from discontinued operations–net of tax (0.14 ) (0.42 ) (2.14 ) (1.05 ) Gain (loss) on disposition of discontinued operations–net of tax (0.29 ) — (0.13 ) 0.06 Net income (loss) $ 0.30 $ 0.52 $ 0.42 $ 1.92 Diluted shares: Weighted average shares outstanding – basic 71.3 73.7 71.0 76.3 Effect of dilutive securities: Restricted stock awards 0.5 1.4 0.8 1.6 Diluted weighted average shares outstanding 71.8 75.1 71.8 77.9 Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 0.73 $ 0.92 $ 2.66 $ 2.85 Income (loss) from discontinued operations–net of tax (0.14 ) (0.41 ) (2.11 ) (1.03 ) Gain (loss) on disposition of discontinued operations–net of tax (0.29 ) — (0.13 ) 0.06 Net income (loss) $ 0.30 $ 0.51 $ 0.42 $ 1.88

FINANCE RECEIVABLES (Tables)

FINANCE RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2019
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 $ 143.2 $ 154.0 Sales-type leases 29.1 45.5 Total finance receivables, gross 172.3 199.5 Allowance for credit losses (11.1 ) (5.5 ) Total finance receivables, net $ 161.2 $ 194.0
Allowance for Credit Losses on Financing Receivables	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, 2019 December 31, 2018 Allowance for credit losses, ending balance: Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Individually evaluated for impairment $ 7.6 $ — $ 7.6 $ 0.6 $ — $ 0.6 Collectively evaluated for impairment 2.8 0.7 3.5 3.4 1.5 4.9 Total allowance for credit losses $ 10.4 $ 0.7 $ 11.1 $ 4.0 $ 1.5 $ 5.5 Finance receivables, ending balance: Individually evaluated for impairment $ 7.6 $ — $ 7.6 $ 1.5 $ — $ 1.5 Collectively evaluated for impairment 135.6 29.1 164.7 152.5 45.5 198.0 Total finance receivables $ 143.2 $ 29.1 $ 172.3 $ 154.0 $ 45.5 $ 199.5 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 $ 10.9 $ 1.2 $ 12.1 $ 3.0 $ 1.5 $ 4.5 Provision for credit losses 0.3 (0.5 ) (0.2 ) — — — Charge offs (0.8 ) — (0.8 ) — — — Balance, end of period $ 10.4 $ 0.7 $ 11.1 $ 3.0 $ 1.5 $ 4.5 Nine Months Ended Nine Months Ended Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Balance, beginning of period $ 4.0 $ 1.5 $ 5.5 $ 5.7 $ 0.9 $ 6.6 Provision for credit losses 7.2 (0.8 ) 6.4 (1.6 ) 0.6 (1.0 ) Charge offs (0.8 ) — (0.8 ) (1.1 ) — (1.1 ) Balance, end of period $ 10.4 $ 0.7 $ 11.1 $ 3.0 $ 1.5 $ 4.5
Impaired Financing Receivables	The following table presents individually impaired finance receivables (in millions): September 30, 2019 December 31, 2018 Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Recorded investment $ 7.6 $ — $ 7.6 $ 1.5 $ — $ 1.5 Related allowance 7.6 — 7.6 0.6 — 0.6 Average recorded investment 7.4 — 7.4 2.4 — 2.4
Past Due Financing Receivables	The following tables present analysis of aging of recorded investment in finance receivables (in millions): September 30, 2019 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 $ 133.3 $ 1.9 $ — $ 8.0 $ 9.9 $ 143.2 Sales-type leases 28.9 0.2 — — 0.2 29.1 Total finance receivables $ 162.2 $ 2.1 $ — $ 8.0 $ 10.1 $ 172.3 December 31, 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 $ 152.2 $ 0.1 $ — $ 1.7 $ 1.8 $ 154.0 Sales-type leases 45.3 0.2 — — 0.2 45.5 Total finance receivables $ 197.5 $ 0.3 $ — $ 1.7 $ 2.0 $ 199.5
Financing Receivable Credit Quality Indicators	Finance receivables by risk rating (in millions): Rating September 30, 2019 December 31, 2018 Superior $ 1.0 $ 7.5 Above Average 17.2 30.7 Average 51.7 56.9 Below Average 93.8 94.5 Sub Standard 8.6 9.9 Total $ 172.3 $ 199.5 The Company believes the finance receivables retained, net of allowance for credit losses, are collectible.

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in millions): September 30, December 31, Finished equipment $ 408.1 $ 478.4 Replacement parts 154.9 143.3 Work-in-process 87.7 86.5 Raw materials and supplies 207.3 210.7 Inventories $ 858.0 $ 918.9

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2019
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 $ 38.7 $ 39.6 Plant 159.5 161.3 Equipment 344.5 337.3 Leasehold improvements 54.0 49.1 Construction in progress 90.1 42.2 Property, plant and equipment – gross 686.8 629.5 Less: Accumulated depreciation (327.4 ) (312.2 ) Property, plant and equipment – net $ 359.4 $ 317.3

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2019
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 MP Total Balance at December 31, 2018, gross $ 139.2 $ 187.8 $ 327.0 Accumulated impairment (38.6 ) (23.2 ) (61.8 ) Balance at December 31, 2018, net 100.6 164.6 265.2 Foreign exchange effect and other (0.9 ) (4.6 ) (5.5 ) Balance at September 30, 2019, gross 138.3 183.2 321.5 Accumulated impairment (38.6 ) (23.2 ) (61.8 ) Balance at September 30, 2019, net $ 99.7 $ 160.0 $ 259.7
Schedule of intangible assets by class	Intangible assets, net were comprised of the following (in millions): September 30, 2019 December 31, 2018 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 $ 9.1 $ (8.6 ) $ 0.5 $ 9.7 $ (9.1 ) $ 0.6 Customer Relationships 22 25.4 (22.4 ) 3.0 25.6 (21.7 ) 3.9 Land Use Rights 82 4.3 (0.6 ) 3.7 4.4 (0.6 ) 3.8 Other 8 25.0 (22.2 ) 2.8 24.9 (21.8 ) 3.1 Total definite-lived intangible assets $ 63.8 $ (53.8 ) $ 10.0 $ 64.6 $ (53.2 ) $ 11.4
Finite-lived Intangible Assets Amortization Expense	Three Months Ended Nine Months Ended (in millions) 2019 2018 2019 2018 Aggregate Amortization Expense $ 0.4 $ 0.4 $ 1.3 $ 1.4
Schedule of intangible assets amortization expense	Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years is: 2019 $ 1.8 2020 $ 1.7 2021 $ 1.6 2022 $ 1.4 2023 $ 0.9

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
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 $ 3.4 $ — $ 2.9 $ 0.2 Cross currency swaps Other current assets 0.9 — 0.8 — Debt conversion feature Other assets — 0.2 — 0.5 Cross currency swaps Other assets 0.3 — — — Foreign exchange contracts Other current liabilities (8.6 ) (0.5 ) (5.0 ) — Commodity swaps Other current liabilities (1.2 ) — (1.1 ) — Cross currency swaps Other non-current liabilities — — (3.0 ) — Net derivative asset (liability) $ (5.2 ) $ (0.3 ) $ (5.4 ) $ 0.7 (1) Categorized as Level 2 under the ASC 820 Fair Value Hierarchy.
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 Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ (1.9 ) (1.4 ) Cost of goods sold $ (2.8 ) $ (5.2 ) Commodity swaps 0.2 (0.1 ) Cost of goods sold (1.5 ) (2.5 ) Cross currency swaps 0.2 0.9 Other income (expense) - net 1.9 2.3 Total $ (1.5 ) $ (0.6 ) Total $ (2.4 ) $ (5.4 ) Gain (Loss) Recognized on Derivatives in OCI, net of tax Gain (Loss) Reclassified from AOCI into Income Instrument Three Months Ended Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ 0.3 $ (6.5 ) Cost of goods sold $ (1.3 ) $ 1.3 Cross currency swaps (0.2 ) (0.7 ) Other income (expense) - net 0.3 1.6 Total $ 0.1 $ (7.2 ) Total $ (1.0 ) $ 2.9 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 Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (815.0 ) $ (2,748.9 ) $ 1.6 $ (2.9 ) Gain (Loss) Reclassified from AOCI into Income: Foreign exchange contracts (2.8 ) (5.2 ) — — Commodity swaps (1.5 ) (2.5 ) — — Cross currency swaps — — 1.9 2.3 Total $ (4.3 ) $ (7.7 ) $ 1.9 $ 2.3 Classification and amount of Gain or Loss Recognized in Income Cost of goods sold Other income (expense) - net Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (858.7 ) $ (2,721.1 ) $ (3.7 ) $ (4.1 ) Gain (Loss) Reclassified from AOCI into Income: Foreign exchange contracts (1.3 ) 1.3 — — Cross currency swaps — — 0.3 1.6 Total $ (1.3 ) $ 1.3 $ 0.3 $ 1.6
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 Instrument Income Statement Account Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Foreign exchange contracts Other income (expense) – net $ (0.4 ) $ (0.7 ) $ (0.6 ) $ (0.9 ) Debt conversion feature Other income (expense) – net (0.1 ) (0.4 ) (1.1 ) (0.3 ) Total $ (0.5 ) $ (1.1 ) $ (1.7 ) $ (1.2 )

LONG-TERM OBLIGATIONS LONG TERM

LONG-TERM OBLIGATIONS LONG TERM OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	Letters of credit outstanding (in millions): September 30, 2019 December 31, 2018 Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Total $400 Million Facility $ — $ — $ — $ — $ — $ — $300 Million Facility 34.7 — 34.7 33.4 — 33.4 Bilateral Arrangements 44.0 — 44.0 32.0 10.4 42.4 Total $ 78.7 $ — $ 78.7 $ 65.4 $ 10.4 $ 75.8
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, 2019 , as follows (in millions, except for quotes): Book Value Quote FV 5-5/8% Notes $ 600.0 $ 1.03060 $ 618 2017 Credit Agreement Original Term Loan (net of discount) $ 388.7 $ 1.00333 $ 390 2017 Credit Agreement 2019 Term Loan (net of discount) $ 198.1 $ 1.00583 $ 199

RETIREMENT PLANS AND OTHER BE_2

RETIREMENT PLANS AND OTHER BENEFITS (Tables)	9 Months Ended
	Sep. 30, 2019
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 2019 2018 2019 2018 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 $ — $ 0.4 $ — $ 0.1 $ 0.3 $ — $ 0.1 $ 1.1 $ — $ 0.3 $ 1.0 $ — Interest cost 0.5 0.8 — 1.2 0.9 — 1.3 2.6 0.1 3.5 2.8 — Expected return on plan assets — (1.1 ) — (1.5 ) (1.3 ) — — (3.5 ) — (4.5 ) (4.0 ) — Amortization of actuarial loss (0.1 ) 0.4 — 0.8 0.4 — (0.4 ) 1.2 — 2.5 1.1 — Other costs — — — — — — — — — — 0.2 — Net periodic cost $ 0.4 $ 0.5 $ — $ 0.6 $ 0.3 $ — $ 1.0 $ 1.4 $ 0.1 $ 1.8 $ 1.1 $ —

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease, Cost	Supplemental cash flow and other information related to operating leases (in millions): Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 27.8 Operating right-of-use assets obtained in exchange for operating lease liabilities $ 17.2 Operating lease cost consists of the following (in millions): Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Operating lease cost $ 9.5 $ 25.2 Variable lease cost 1.6 5.0 Short-term lease cost 1.4 4.1 Total operating lease costs $ 12.5 $ 34.3
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases (in millions, except lease term and discount rate): September 30, 2019 Operating lease right-of-use assets $ 119.3 Current maturities of operating leases $ 24.9 Non-current operating leases 102.2 Total operating lease liabilities $ 127.1 Weighted average discount rate for operating leases 5.58 % Weighted average remaining operating lease term in years 6
Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities (in millions): Years Ending December 31, September 30, 2019 2019 $ 8.5 2020 29.7 2021 26.2 2022 23.4 2023 20.5 Thereafter 41.1 Total undiscounted operating lease payments 149.4 Less: Imputed interest (22.3 ) Total operating lease liabilities 127.1 Less: Current maturities of operating lease liabilities (24.9 ) Non-current operating lease liabilities $ 102.2
Schedule of Future Minimum Rental Payments for Operating Leases, Prior to Adoption of ASC 842	Future minimum noncancellable operating lease payments at December 31, 2018 are as follows (in millions): 2019 $ 30.5 2020 25.8 2021 22.9 2022 18.7 2023 16.4 Thereafter 37.0 Total minimum obligations $ 151.3

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 and 2018 . All amounts are net of tax (in millions). Three Months Ended Three Months Ended CTA (1) 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 $ (231.7 ) $ (3.5 ) $ 2.1 $ (54.2 ) $ (287.3 ) $ (187.8 ) $ (5.2 ) $ 0.7 $ (95.9 ) $ (288.2 ) Other comprehensive income (loss) before reclassifications (51.9 ) (3.5 ) 0.4 14.4 (40.6 ) (18.1 ) (1.0 ) 0.4 0.7 (18.0 ) Amounts reclassified from AOCI 26.1 2.0 — (0.5 ) 27.6 (0.7 ) 1.1 — 1.5 1.9 Net Other Comprehensive Income (Loss) (25.8 ) (1.5 ) 0.4 13.9 (13.0 ) (18.8 ) 0.1 0.4 2.2 (16.1 ) Ending balance $ (257.5 ) $ (5.0 ) $ 2.5 $ (40.3 ) $ (300.3 ) $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) (1) Reclassifications relate to 26.1 million of losses (net of 2.8 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of Demag. Nine Months Ended Nine Months Ended CTA (1) 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 $ (225.6 ) $ (4.4 ) $ 0.8 $ (55.6 ) $ (284.8 ) $ (144.7 ) $ 2.1 $ 4.3 $ (101.2 ) $ (239.5 ) Other comprehensive income (loss) before reclassifications (58.0 ) (5.7 ) 1.7 14.6 (47.4 ) (61.2 ) (5.7 ) (0.6 ) 3.0 (64.5 ) Amounts reclassified from AOCI 26.1 5.1 — 0.7 31.9 (0.7 ) (1.5 ) — 4.5 2.3 Net Other Comprehensive Income (Loss) (31.9 ) (0.6 ) 1.7 15.3 (15.5 ) (61.9 ) (7.2 ) (0.6 ) 7.5 (62.2 ) Other (2) — — — — — — — (2.6 ) — (2.6 ) Ending balance $ (257.5 ) $ (5.0 ) $ 2.5 $ (40.3 ) $ (300.3 ) $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) (1) Reclassifications relate to 26.1 million of losses (net of 2.8 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of Demag. (2) Other relates to amounts reclassified from AOCI to Retained Earnings in connection with the adoption of ASU 2016-01 and 2016-16.
Schedule of weighted-average assumptions used in the valuations	The following table presents the weighted-average assumptions used in the valuation: Grant date March 12, 2019 Dividend yields 1.31 % Expected volatility 36.64 % Risk free interest rate 2.40 % Expected life (in years) 3

BASIS OF PRESENTATION - Additio

BASIS OF PRESENTATION - Additional Information (Details) $ in Millions	Sep. 30, 2019USD ($)lease_unit	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 119.3
Cash and cash equivalents, not immediately available for use	4.1		$ 12.6
Operating lease liabilities	$ 127.1
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 138
Operating lease liabilities		138
Discontinued Operations | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		6
Operating lease liabilities		$ 6
Buildings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of units in lease | lease_unit	100
Vehicles
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of units in lease | lease_unit	500
Office and Industrial Equipment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of units in lease | lease_unit	450

BASIS OF PRESENTATION - Changes

BASIS OF PRESENTATION - Changes in Product Warranty Liability (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Changes in consolidated current and non-current product warranty liability
Balance as of December 31, 2018	$ 39.8
Accruals for warranties issued during the period	32
Changes in estimates	4.7
Settlements during the period	(34.8)
Foreign exchange effect/other	1.5
Balance as of September 30, 2019	$ 43.2

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019segments
Segment Reporting [Abstract]
Number of reportable segments	2

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 1,024.6	$ 1,098.8	$ 3,468.1	$ 3,468.4
Income (loss) from operations	86.4	104.2	312.1	330.9
Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	628.2	729.4	2,226.5	2,319.2
Income (loss) from operations	45.9	81.6	191.8	263.4
Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	338.6	313.6	1,050	964.7
Income (loss) from operations	52.4	41.4	157.9	125.6
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	57.8	55.8	191.6	184.5
Income (loss) from operations	$ (11.9)	$ (18.8)	$ (37.6)	$ (58.1)

BUSINESS SEGMENT INFORMATION _3

BUSINESS SEGMENT INFORMATION - Identifiable Assets by Segment (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Assets	$ 3,160.7	$ 3,485.9
Operating Segments | AWP
Segment Reporting Information [Line Items]
Assets	1,922.7	1,983.5
Operating Segments | MP
Segment Reporting Information [Line Items]
Assets	1,156.7	1,160.1
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Assets	62.3	(185.6)
Discontinued Operations, Held-for-sale
Segment Reporting Information [Line Items]
Assets held for sale (2)	$ 19	$ 527.9

BUSINESS SEGMENT INFORMATION _4

BUSINESS SEGMENT INFORMATION - Net Sales by Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 1,024.6	$ 1,098.8	$ 3,468.1	$ 3,468.4
UNITED STATES
Segment Reporting Information [Line Items]
Net sales	547.1	606	1,829.5	1,876
North America
Segment Reporting Information [Line Items]
Net sales	605.2	652.2	2,008.2	2,031
Western Europe
Segment Reporting Information [Line Items]
Net sales	196.7	211.5	768.1	782.6
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	151.5	152.7	472.9	417.1
Rest of World
Segment Reporting Information [Line Items]
Net sales	71.2	82.4	218.9	237.7
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	57.8	55.8	191.6	184.5
Corporate and Other / Eliminations | North America
Segment Reporting Information [Line Items]
Net sales	41.8	31.3	122.9	95.8
Corporate and Other / Eliminations | Western Europe
Segment Reporting Information [Line Items]
Net sales	18.6	16	69.6	58
Corporate and Other / Eliminations | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	3.5	7.1	11.1	18.7
Corporate and Other / Eliminations | Rest of World
Segment Reporting Information [Line Items]
Net sales	(6.1)	1.4	(12)	12
AWP | Operating Segments
Segment Reporting Information [Line Items]
Net sales	628.2	729.4	2,226.5	2,319.2
AWP | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	429.3	504.5	1,466	1,547.9
AWP | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	77.4	97.7	369.9	447.8
AWP | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	78.5	79.9	253.5	205.2
AWP | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	43	47.3	137.1	118.3
MP | Operating Segments
Segment Reporting Information [Line Items]
Net sales	338.6	313.6	1,050	964.7
MP | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	134.1	116.4	419.3	387.3
MP | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	100.7	97.8	328.6	276.8
MP | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	69.5	65.7	208.3	193.2
MP | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	$ 34.3	$ 33.7	$ 93.8	$ 107.4

BUSINESS SEGMENT INFORMATION _5

BUSINESS SEGMENT INFORMATION - Net Sales by Product Type (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 1,024.6	$ 1,098.8	$ 3,468.1	$ 3,468.4
Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	628.2	729.4	2,226.5	2,319.2
Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	338.6	313.6	1,050	964.7
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	57.8	55.8	191.6	184.5
Aerial Work Platforms
Segment Reporting Information [Line Items]
Net sales	426.5	519.5	1,583.8	1,716.1
Aerial Work Platforms | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	426	518.8	1,581.6	1,713.8
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	0.5	0.7	2.2	2.3
Materials Processing Equipment
Segment Reporting Information [Line Items]
Net sales	222.7	208.4	670.3	637.7
Materials Processing Equipment | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Materials Processing Equipment | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	222.7	208.4	670.3	637.7
Materials Processing Equipment | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Specialty Equipment
Segment Reporting Information [Line Items]
Net sales	115.4	100.8	377.4	307
Specialty Equipment | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Specialty Equipment | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	115.4	100.8	377.4	307
Specialty Equipment | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Other
Segment Reporting Information [Line Items]
Net sales	260	270.1	836.6	807.6
Other | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	202.2	210.6	644.9	605.4
Other | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	0.5	4.4	2.3	20
Other | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 57.3	$ 55.1	$ 189.4	$ 182.2

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
(Provision for) benefit from income taxes	$ (15.5)	$ (14.6)	$ (53.8)	$ (59.2)
Income (loss) from continuing operations before income taxes	$ 67.9	$ 83.8	$ 245	$ 281.3
Effective income tax rate, continuing operations	22.80%	17.40%	22.00%	21.00%

DISCONTINUED OPERATIONS AND A_3

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE - Additional Information (Details) - USD ($) $ in Millions	Apr. 24, 2019	Sep. 30, 2019	Sep. 30, 2019	Feb. 22, 2019
Business Acquisition [Line Items]
Proceeds from sale of boom truck, truck crane and crossover product lines and related inventory	$ 27.7
Gain on sale of boom truck, truck crane and crossover product lines and related inventory			$ 12.8
Demag-Mobile Cranes Business | Discontinued Operations, Held-for-sale
Business Acquisition [Line Items]
Consideration on disposal				$ 215
Charges related to disposal on write-down			82
Loss on disposition of discontinued operations		$ (20.9)	$ (20.9)

DISCONTINUED OPERATIONS AND A_4

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE - Income (Loss) from discontinued operations (Details) - Demag-Mobile Cranes Business - Discontinued Operations, Held-for-sale - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 67.7	$ 129.6	$ 324.8	$ 423.4
Cost of sales	(67.9)	(136.9)	(330.8)	(427.7)
Selling, general and administrative expenses	(12)	(24.9)	(73.6)	(80)
Impairments	0	0	(82.1)	0
Other income (expense)	(0.8)	(0.8)	(4.5)	(2.5)
Income (loss) from discontinued operations before income taxes	(13)	(33)	(166.2)	(86.8)
(Provision for) benefit from income taxes	2.9	2.2	14.4	6.6
Income (loss) from discontinued operations – net of tax	$ (10.1)	$ (30.8)	$ (151.8)	$ (80.2)

DISCONTINUED OPERATIONS AND A_5

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE - Assets and Liabilities held for sale (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Assets
Current assets held for sale	$ 16.2	$ 459.5
Non-current assets held for sale	2.8	68.4
Liabilities
Current liabilities held for sale	8	179.5
Non-current liabilities held for sale	1.8	86.5
Demag-Mobile Cranes Business | Discontinued Operations, Held-for-sale
Assets
Cash and cash equivalents	4.9	32.6
Trade receivables – net	7.9	126.9
Inventories	7.8	295.5
Prepaid and other current assets	0.2	9.4
Impairment reserve	(4.6)	(4.9)
Current assets held for sale	16.2	459.5
Property, plant and equipment – net	0.5	28.8
Intangible assets	2.3	4.3
Impairment reserve	(2.7)	(2.9)
Other assets	2.7	38.2
Non-current assets held for sale	2.8	68.4
Liabilities
Notes payable and current portion of long-term debt	0	0.6
Trade accounts payable	4.8	101.6
Accruals and other current liabilities	3.2	77.3
Current liabilities held for sale	8	179.5
Long-term debt, less current portion	0	4.1
Retirement plans and other non-current liabilities	0	71.8
Non-current liabilities	1.8	10.6
Non-current liabilities held for sale	$ 1.8	$ 86.5

DISCONTINUED OPERATIONS AND A_6

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE - Supplemental Cash Flow Information Related to Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 470.6		$ 470.6		$ 339.5
Total cash and cash equivalents	475.5	$ 329.5	475.5	$ 329.5	372.1	$ 630.1
Impairments			82.2	3.5
Demag-Mobile Cranes Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents - held for sale	4.9		4.9		$ 32.6
Depreciation and amortization	0.1	3.3	3.3	11.1
Impairments	0	0	82.1	0.9
Deferred taxes	(7.3)	(4.1)	(5.2)	(3.9)
Capital expenditures	$ (0.7)	$ (2.9)	$ (3.4)	$ (10.3)

DISCONTINUED OPERATIONS AND A_7

DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE - Gain (Loss) on Disposition of Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations – net of tax	$ (20.9)	$ 0.2	$ (9.5)	$ 4.8
Discontinued Operations, Disposed of by Sale
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	(20.8)	(0.2)	(8.4)	2.4
(Provision for) benefit from income taxes	(0.1)	0.4	(1.1)	2.4
Gain (loss) on disposition of discontinued operations – net of tax	(20.9)	0.2	(9.5)	4.8
Discontinued Operations, Disposed of by Sale | Demag-Mobile Cranes Business
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	(20.8)		(7.1)
(Provision for) benefit from income taxes	(0.1)		(1)
Gain (loss) on disposition of discontinued operations – net of tax	(20.9)		(8.1)
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
Discontinued Operations, Disposed of by Sale | Material Handling and Port Solutions
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	0	(0.2)	(1.3)	(0.8)
(Provision for) benefit from income taxes	0	0	(0.1)	0.1
Gain (loss) on disposition of discontinued operations – net of tax	$ 0	(0.2)	$ (1.4)	(0.7)
Discontinued Operations, Disposed of by Sale | Atlas
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations		0		3.2
(Provision for) benefit from income taxes		0		(0.5)
Gain (loss) on disposition of discontinued operations – net of tax		$ 0		$ 2.7

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Earnings per share
Income (loss) from continuing operations	$ 52.4	$ 69.2	$ 191.2	$ 222.1
Income (loss) from discontinued operations–net of tax	(10.1)	(30.8)	(151.8)	(80.2)
Gain (loss) on disposition of discontinued operations – net of tax	(20.9)	0.2	(9.5)	4.8
Net income (loss)	$ 21.4	$ 38.6	$ 29.9	$ 146.7
Basic shares:
Weighted average shares outstanding - basic (in shares)	71.3	73.7	71	76.3
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$ 0.73	$ 0.94	$ 2.69	$ 2.91
Income (loss) from discontinued operations – net of tax	(0.14)	(0.42)	(2.14)	(1.05)
Gain (loss) on disposition of discontinued operations – net of tax	(0.29)	0	(0.13)	0.06
Net income (loss)	$ 0.30	$ 0.52	$ 0.42	$ 1.92
Diluted shares:
Weighted average shares outstanding - basic (in shares)	71.3	73.7	71	76.3
Effect of dilutive securities:
Stock options and restricted stock awards [in shares]	0.5	1.4	0.8	1.6
Diluted weighted average shares outstanding (in shares)	71.8	75.1	71.8	77.9
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$ 0.73	$ 0.92	$ 2.66	$ 2.85
Income (loss) from discontinued operations–net of tax	(0.14)	(0.41)	(2.11)	(1.03)
Gain (loss) on disposition of discontinued operations – net of tax	(0.29)	0	(0.13)	0.06
Net income (loss)	0.30	$ 0.51	0.42	$ 1.88
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)	1.3	0.2	1.1	0.1

FINANCE RECEIVABLES - Finance R

FINANCE RECEIVABLES - Finance Receivables, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables transferred as sales	$ 60.8	$ 72	$ 179.7	$ 228.1
Loans receivables held-for-sale	17.1		17.1			$ 19.2
Total finance receivables, gross	172.3		172.3			199.5
Allowance for credit losses	(11.1)	(4.5)	(11.1)	(4.5)	$ (12.1)	(5.5)	$ (4.5)	$ (6.6)
Total finance receivables, net	161.2		161.2			194
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, gross	143.2		143.2			154
Allowance for credit losses	(10.4)	(3)	(10.4)	(3)	(10.9)	(4)	(3)	(5.7)
Sales-type leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, gross	29.1		29.1			45.5
Allowance for credit losses	(0.7)	$ (1.5)	(0.7)	$ (1.5)	$ (1.2)	(1.5)	$ (1.5)	$ (0.9)
Prepaid Expenses and Other Current Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, net	53		53			72
Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, net	$ 108		$ 108			$ 122

FINANCE RECEIVABLES - Allowance

FINANCE RECEIVABLES - Allowance for Credit Losses on Finance Receivable (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 12.1	$ 4.5	$ 5.5	$ 6.6
Provision for credit losses	(0.2)	0	6.4	(1)
Charge offs	(0.8)	0	(0.8)	(1.1)
Balance, end of period	11.1	4.5	11.1	4.5
Commercial loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	10.9	3	4	5.7
Provision for credit losses	0.3	0	7.2	(1.6)
Charge offs	(0.8)	0	(0.8)	(1.1)
Balance, end of period	10.4	3	10.4	3
Sales-type leases
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	1.2	1.5	1.5	0.9
Provision for credit losses	(0.5)	0	(0.8)	0.6
Charge offs	0	0	0	0
Balance, end of period	$ 0.7	$ 1.5	$ 0.7	$ 1.5

FINANCE RECEIVABLES - Individua

FINANCE RECEIVABLES - Individually Impaired Finance Receivables (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 7.6		$ 1.5
Related allowance	7.6		0.6
Average recorded investment	7.4		2.4
Commercial Loans
Financing Receivable, Impaired [Line Items]
Recorded investment	7.6		1.5
Related allowance	7.6		0.6
Average recorded investment	7.4	$ 2.7	2.4
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, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$ 7.6		$ 0.6
Collectively evaluated for impairment	3.5		4.9
Total allowance for credit losses	11.1	$ 12.1	5.5	$ 4.5	$ 4.5	$ 6.6
Finance receivables, ending balance:
Individually evaluated for impairment	7.6		1.5
Collectively evaluated for impairment	164.7		198
Total finance receivables	172.3		199.5
Commercial Loans
Allowance for credit losses, ending balance:
Individually evaluated for impairment	7.6		0.6
Collectively evaluated for impairment	2.8		3.4
Total allowance for credit losses	10.4	10.9	4	3	3	5.7
Finance receivables, ending balance:
Individually evaluated for impairment	7.6		1.5
Collectively evaluated for impairment	135.6		152.5
Total finance receivables	143.2		154
Sales-Type Leases
Allowance for credit losses, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0.7		1.5
Total allowance for credit losses	0.7	$ 1.2	1.5	$ 1.5	$ 1.5	$ 0.9
Finance receivables, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	29.1		45.5
Total finance receivables	$ 29.1		$ 45.5

FINANCE RECEIVABLES - Past Due

FINANCE RECEIVABLES - Past Due Finance Receivables (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 162,200,000	$ 197,500,000
Noncurrent past due	10,100,000	2,000,000
Total finance receivables	172,300,000	199,500,000
31-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	2,100,000	300,000
61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	0	0
Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	8,000,000	1,700,000
Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	133,300,000	152,200,000
Noncurrent past due	9,900,000	1,800,000
Total finance receivables	143,200,000	154,000,000
Non-accrual status	12,100,000	6,000,000
Commercial loans | 31-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	1,900,000	100,000
Commercial loans | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	0	0
Commercial loans | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	8,000,000	1,700,000
Sales-type leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	28,900,000	45,300,000
Noncurrent past due	200,000	200,000
Total finance receivables	29,100,000	45,500,000
Non-accrual status	100,000	0
Sales-type leases | 31-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	200,000	200,000
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, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Total	$ 172.3	$ 199.5
Superior
Financing Receivable, Recorded Investment [Line Items]
Total	1	7.5
Above Average
Financing Receivable, Recorded Investment [Line Items]
Total	17.2	30.7
Average
Financing Receivable, Recorded Investment [Line Items]
Total	51.7	56.9
Below Average
Financing Receivable, Recorded Investment [Line Items]
Total	93.8	94.5
Sub Standard
Financing Receivable, Recorded Investment [Line Items]
Total	$ 8.6	$ 9.9

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished equipment	$ 408.1	$ 478.4
Replacement parts	154.9	143.3
Work-in-process	87.7	86.5
Raw materials and supplies	207.3	210.7
Inventories	858	918.9
Inventory reserves	$ 51.4	$ 49.8

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Property, plant and equipment.
Gross property, plant and equipment	$ 686.8	$ 629.5
Less: Accumulated depreciation	(327.4)	(312.2)
Net property, plant and equipment	359.4	317.3
Property
Property, plant and equipment.
Gross property, plant and equipment	38.7	39.6
Plant
Property, plant and equipment.
Gross property, plant and equipment	159.5	161.3
Equipment
Property, plant and equipment.
Gross property, plant and equipment	344.5	337.3
Leasehold Improvements
Property, plant and equipment.
Gross property, plant and equipment	54	49.1
Construction in Progress
Property, plant and equipment.
Gross property, plant and equipment	$ 90.1	$ 42.2

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	$ 327
Accumulated impairment	(61.8)
Balance at the beginning of the period, goodwill net	265.2
Foreign exchange effect and other	(5.5)
Balance at the end of the period, goodwill gross	321.5
Accumulated impairment	(61.8)
Balance at the end of the period, goodwill net	259.7
AWP
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	139.2
Accumulated impairment	(38.6)
Balance at the beginning of the period, goodwill net	100.6
Foreign exchange effect and other	(0.9)
Balance at the end of the period, goodwill gross	138.3
Accumulated impairment	(38.6)
Balance at the end of the period, goodwill net	99.7
MP
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	187.8
Accumulated impairment	(23.2)
Balance at the beginning of the period, goodwill net	164.6
Foreign exchange effect and other	(4.6)
Balance at the end of the period, goodwill gross	183.2
Accumulated impairment	(23.2)
Balance at the end of the period, goodwill net	$ 160

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Definite-lived intangible assets:
Gross Carrying Amount	$ 63.8		$ 63.8		$ 64.6
Accumulated Amortization	(53.8)		(53.8)		(53.2)
Net Carrying Amount	10		10		11.4
Aggregate Amortization Expense	0.4	$ 0.4	1.3	$ 1.4
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2019	1.8		1.8
2020	1.7		1.7
2021	1.6		1.6
2022	1.4		1.4
2023	0.9		$ 0.9
Technology
Definite-lived intangible assets:
Weighted Average Life (in years)			7 years
Gross Carrying Amount	9.1		$ 9.1		9.7
Accumulated Amortization	(8.6)		(8.6)		(9.1)
Net Carrying Amount	0.5		$ 0.5		0.6
Customer Relationships
Definite-lived intangible assets:
Weighted Average Life (in years)			22 years
Gross Carrying Amount	25.4		$ 25.4		25.6
Accumulated Amortization	(22.4)		(22.4)		(21.7)
Net Carrying Amount	3		$ 3		3.9
Land Use Rights
Definite-lived intangible assets:
Weighted Average Life (in years)			82 years
Gross Carrying Amount	4.3		$ 4.3		4.4
Accumulated Amortization	(0.6)		(0.6)		(0.6)
Net Carrying Amount	3.7		$ 3.7		3.8
Other
Definite-lived intangible assets:
Weighted Average Life (in years)			8 years
Gross Carrying Amount	25		$ 25		24.9
Accumulated Amortization	(22.2)		(22.2)		(21.8)
Net Carrying Amount	$ 2.8		$ 2.8		$ 3.1

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	$ (4.1)
Derivatives designated as hedges | Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount	428.8	$ 368.2
Derivatives designated as hedges | Cross currency swaps
Derivative [Line Items]
Derivative notional amount	43.6	45.9
Derivatives designated as hedges | Commodity swaps
Derivative [Line Items]
Derivative notional amount	8.2	11.2
Derivatives not designated as hedges | Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount	$ 77.4	$ 107.8

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Balance Sheet Table (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives designated as hedges
Derivative [Line Items]
Net derivative asset (liability)	$ (5.2)	$ (5.4)
Derivatives designated as hedges | Other current assets | Foreign exchange contracts
Derivative [Line Items]
Derivative assets	3.4	2.9
Derivatives designated as hedges | Other current assets | Cross currency swaps
Derivative [Line Items]
Derivative assets	0.9	0.8
Derivatives designated as hedges | Other assets | Cross currency swaps
Derivative [Line Items]
Derivative assets	0.3	0
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	(8.6)	(5)
Derivatives designated as hedges | Other current liabilities | Commodity swaps
Derivative [Line Items]
Derivatives liabilities	(1.2)	(1.1)
Derivatives designated as hedges | Other non-current liabilities | Cross currency swaps
Derivative [Line Items]
Derivatives liabilities	0	(3)
Derivatives not designated as hedges
Derivative [Line Items]
Net derivative asset (liability)	(0.3)	0.7
Derivatives not designated as hedges | Other current assets | Foreign exchange contracts
Derivative [Line Items]
Derivative assets	0	0.2
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 | 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	0.2	0.5
Derivatives not designated as hedges | Other current liabilities | Foreign exchange contracts
Derivative [Line Items]
Derivatives liabilities	(0.5)	0
Derivatives not designated as hedges | Other current liabilities | Commodity swaps
Derivative [Line Items]
Derivatives liabilities	0	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 - Effect of derivative instruments designated as hedges in AOCI (Details) - Derivatives designated as hedges - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	$ (1.5)	$ 0.1	$ (0.6)	$ (7.2)
Gain (Loss) Reclassified from AOCI into Income	(2.4)	(1)	(5.4)	2.9
Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(4.3)	(1.3)	(7.7)	1.3
Other income (expense) – net
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	1.9	0.3	2.3	1.6
Foreign exchange contracts
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	(1.9)	0.3	(1.4)	(6.5)
Foreign exchange contracts | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(2.8)	(1.3)	(5.2)	1.3
Foreign exchange contracts | Other income (expense) – net
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0	0	0	0
Commodity swaps
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	0.2		(0.1)
Commodity swaps | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(1.5)		(2.5)
Commodity swaps | Other income (expense) – net
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0		0
Cross currency swaps
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	0.2	(0.2)	0.9	(0.7)
Cross currency swaps | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0	0	0	0
Cross currency swaps | Other income (expense) – net
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	$ 1.9	$ 0.3	$ 2.3	$ 1.6

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - AOCI Table (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative [Line Items]
Cost of goods sold	$ (815)	$ (858.7)	$ (2,748.9)	$ (2,721.1)
Other income (expense) – net	1.6	(3.7)	(2.9)	(4.1)
Derivatives not designated as hedges
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(0.5)	(1.7)	(1.1)	(1.2)
Cash Flow Hedging | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(2.4)	(1)	(5.4)	2.9
Cash Flow Hedging | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(4.3)	(1.3)	(7.7)	1.3
Cash Flow Hedging | Other income (expense) – net | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	1.9	0.3	2.3	1.6
Foreign exchange contracts | Other income (expense) – net | Derivatives not designated as hedges
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(0.4)	(0.6)	(0.7)	(0.9)
Foreign exchange contracts | Cash Flow Hedging | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(2.8)	(1.3)	(5.2)	1.3
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	0	0
Commodity swaps | Cash Flow Hedging | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(1.5)		(2.5)
Commodity swaps | 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 | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0	0	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	1.9	0.3	2.3	1.6
Debt conversion feature | Other income (expense) – net | Derivatives not designated as hedges
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(0.1)	(1.1)	(0.4)	(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	(815)	(858.7)	(2,748.9)	(2,721.1)
Other income (expense) – net	$ 1.6	$ (3.7)	$ (2.9)	$ (4.1)

LONG-TERM OBLIGATIONS - 2017 Cr

LONG-TERM OBLIGATIONS - 2017 Credit Agreement (Details)	Mar. 07, 2019USD ($)	Feb. 28, 2018	Aug. 17, 2017	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Mar. 31, 2018USD ($)	Jan. 31, 2017USD ($)
Debt Instrument [Line Items]
Letters of credit outstanding, amount				$ 78,700,000		$ 75,800,000
2017 Credit Agreement
Debt Instrument [Line Items]
Loss on early extinguishment of debt					$ (700,000)
Letters of credit outstanding, amount				0		0
Percentage of capital stock of foreign subsidiary pledged as collateral for borrowings (as a percent)								65.00%
Additional Credit Agreement 2017
Debt Instrument [Line Items]
Letters of credit outstanding, amount				34,700,000		33,400,000
Letter of Credit | 2017 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				400,000,000
Senior secured term loans | Secured Debt | 2017 Credit Agreement
Debt Instrument [Line Items]
Face amount of debt				600,000,000
Senior secured term loans | Secured Debt | Original Term Loan
Debt Instrument [Line Items]
Face amount of debt								$ 400,000,000
Senior secured term loans | Secured Debt | 2019 Term Loan
Debt Instrument [Line Items]
Face amount of debt	$ 200,000,000
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%
Long-term debt				$ 586,800,000		$ 391,400,000
Debt, weighted average interest rate				4.30%		4.50%
Line of Credit | Secured Debt | Original Term Loan
Debt Instrument [Line Items]
Long-term debt				$ 388,700,000
Line of Credit | Secured Debt | 2019 Term Loan
Debt Instrument [Line Items]
Long-term debt				198,100,000
Line of Credit | Revolving Credit Facility | 2017 Credit Agreement
Debt Instrument [Line Items]
Available borrowing capacity				600,000,000			$ 450,000,000
Line of credit				$ 0		$ 237,000,000
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						5.98%
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
Line of Credit | LIBOR | Secured Debt | Original Term Loan
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Floor interest rate		0.75%
Line of Credit | LIBOR | Secured Debt | 2019 Term Loan
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Floor interest rate	0.75%
Discontinued Operations
Debt Instrument [Line Items]
Letters of credit outstanding, amount				$ 0		$ 10,400,000
Discontinued Operations | 2017 Credit Agreement
Debt Instrument [Line Items]
Letters of credit outstanding, amount				0		0
Discontinued Operations | Additional Credit Agreement 2017
Debt Instrument [Line Items]
Letters of credit outstanding, amount				$ 0		$ 0

LONG-TERM OBLIGATIONS - Schedul

LONG-TERM OBLIGATIONS - Schedule of Letters of Credit Outstanding (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 78.7	$ 75.8
$400 Million Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0	0
$300 Million Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	34.7	33.4
Bilateral Arrangements
Debt Instrument [Line Items]
Letters of credit outstanding, amount	44	42.4
Continuing Operations
Debt Instrument [Line Items]
Letters of credit outstanding, amount	78.7	65.4
Continuing Operations | $400 Million Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0	0
Continuing Operations | $300 Million Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	34.7	33.4
Continuing Operations | Bilateral Arrangements
Debt Instrument [Line Items]
Letters of credit outstanding, amount	44	32
Discontinued Operations
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0	10.4
Discontinued Operations | $400 Million Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0	0
Discontinued Operations | $300 Million Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	0	0
Discontinued Operations | Bilateral Arrangements
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 0	$ 10.4

LONG-TERM OBLIGATIONS - 5-5_8%

LONG-TERM OBLIGATIONS - 5-5/8% Senior Notes (Details) - Senior Notes - USD ($)	Sep. 30, 2019	Jan. 31, 2017	Nov. 26, 2012	Mar. 26, 2012
5-5/8% Notes
Debt Instrument [Line Items]
Face amount of debt		$ 600,000,000
Interest rate (as a percent)	5.625%	5.625%
Long-term debt	$ 600,000,000
6% Notes
Debt Instrument [Line Items]
Interest rate (as a percent)		6.00%	6.00%
Tender offer for face amount of debt		$ 550,000,000
Senior Notes, 6%, $300 Million Partial Redemption
Debt Instrument [Line Items]
Authorized repurchase amount		$ 300,000,000
6-1/2% Notes
Debt Instrument [Line Items]
Long-term debt				$ 300,000,000

LONG-TERM OBLIGATIONS - Fair Va

LONG-TERM OBLIGATIONS - Fair Value of Debt (Details) $ in Millions	Sep. 30, 2019USD ($)$ / shares
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	618
Line of Credit | Secured Debt | Original Term Loan
Debt Instrument [Line Items]
Book Value	388.7
Line of Credit | Secured Debt | Original Term Loan | Fair Value, Inputs, Level 1
Debt Instrument [Line Items]
Fair Value	390
Line of Credit | Secured Debt | 2019 Term Loan
Debt Instrument [Line Items]
Book Value	198.1
Line of Credit | Secured Debt | 2019 Term Loan | Fair Value, Inputs, Level 1
Debt Instrument [Line Items]
Fair Value	$ 199
Measurement Input, Quoted Price | Senior Notes | 5-5/8% Notes
Debt Instrument [Line Items]
Quotes | $ / shares	1.03060
Measurement Input, Quoted Price | Line of Credit | Secured Debt | Original Term Loan
Debt Instrument [Line Items]
Quotes | $ / shares	1.00333
Measurement Input, Quoted Price | Line of Credit | Secured Debt | 2019 Term Loan
Debt Instrument [Line Items]
Quotes | $ / shares	1.00583

RETIREMENT PLANS AND OTHER BE_3

RETIREMENT PLANS AND OTHER BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Plans
Components of net periodic cost:
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	0	0	0.1	0
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss	0	0	0	0
Other costs	0	0	0	0
Net periodic cost	0	0	0.1	0
U.S. Plan | Pension Plan
Components of net periodic cost:
Service cost	0	0.1	0.1	0.3
Interest cost	0.5	1.2	1.3	3.5
Expected return on plan assets	0	(1.5)	0	(4.5)
Amortization of actuarial loss	(0.1)	0.8	(0.4)	2.5
Other costs	0	0	0	0
Net periodic cost	0.4	0.6	1	1.8
Non-U.S. Plan | Pension Plan
Components of net periodic cost:
Service cost	0.4	0.3	1.1	1
Interest cost	0.8	0.9	2.6	2.8
Expected return on plan assets	(1.1)	(1.3)	(3.5)	(4)
Amortization of actuarial loss	0.4	0.4	1.2	1.1
Other costs	0	0	0	0.2
Net periodic cost	$ 0.5	$ 0.3	$ 1.4	$ 1.1

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Operating leases, rental expense	$ 37.5
Minimum
Lessee, Lease, Description [Line Items]
Operating lease term		1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease term		15 years
Buildings
Lessee, Lease, Description [Line Items]
Operating lease term		6 years
Operating lease renewal term		68 months
Vehicles | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term		1 year
Vehicles | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term		7 years
Equipment | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term		1 year
Equipment | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term		6 years

LEASES - Operating Lease Cost (

LEASES - Operating Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 9.5	$ 25.2
Variable lease cost	1.6	5
Short-term lease cost	1.4	4.1
Operating lease cost	$ 12.5	$ 34.3

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Related to Leases (Details) $ in Millions	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 119.3
Current maturities of operating leases	24.9
Non-current operating leases	102.2
Total operating lease liabilities	$ 127.1
Weighted average discount rate for operating leases	5.58%
Weighted average remaining operating lease term in years	6 years

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Millions	Sep. 30, 2019USD ($)
Leases [Abstract]
2019	$ 8.5
2020	29.7
2021	26.2
2022	23.4
2023	20.5
Thereafter	41.1
Total undiscounted operating lease payments	149.4
Less: Imputed interest	(22.3)
Total operating lease liabilities	127.1
Less: Current maturities of operating lease liabilities	(24.9)
Non-current operating leases	$ 102.2

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow and Other Information related to Operating Leases (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 27.8
Operating right-of-use assets obtained in exchange for operating lease liabilities	$ 17.2

LEASES - Schedule of Future Min

LEASES - Schedule of Future Minimum Rental Payments for Operating Leases, Prior to Adoption of ASC 842 (Details) $ in Millions	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 30.5
2020	25.8
2021	22.9
2022	18.7
2023	16.4
Thereafter	37
Total minimum obligations	$ 151.3

LITIGATION AND CONTINGENCIES (D

LITIGATION AND CONTINGENCIES (Details) R$ in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019BRL (R$)	Dec. 31, 2018USD ($)
Loss Contingencies and Guarantee Obligations
Estimated ICMS and related interest | R$		R$ 102
Guarantee terms maximum	5 years
Credit Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	$ 55.8		$ 59.2
Discontinued Operations | Credit Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure			$ 20.3

STOCKHOLDERS' EQUITY - Accumula

STOCKHOLDERS' EQUITY - Accumulated Other Comprehensive Income (Loss) Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (287.3)	$ (288.2)	$ (284.8)	$ (239.5)
Other comprehensive income (loss) before reclassifications	(40.6)	(18)	(47.4)	(64.5)
Amounts reclassified from AOCI	27.6	1.9	31.9	2.3
Net Other Comprehensive Income (Loss)	(13)	(16.1)	(15.5)	(62.2)
Other			0	(2.6)
Ending balance	(300.3)	(304.3)	(300.3)	(304.3)
CTA (1)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(231.7)	(187.8)	(225.6)	(144.7)
Other comprehensive income (loss) before reclassifications	(51.9)	(18.1)	(58)	(61.2)
Amounts reclassified from AOCI	26.1	(0.7)	26.1	(0.7)
Net Other Comprehensive Income (Loss)	(25.8)	(18.8)	(31.9)	(61.9)
Other			0	0
Ending balance	(257.5)	(206.6)	(257.5)	(206.6)
Derivative Hedging Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(3.5)	(5.2)	(4.4)	2.1
Other comprehensive income (loss) before reclassifications	(3.5)	(1)	(5.7)	(5.7)
Amounts reclassified from AOCI	2	1.1	5.1	(1.5)
Net Other Comprehensive Income (Loss)	(1.5)	0.1	(0.6)	(7.2)
Other			0	0
Ending balance	(5)	(5.1)	(5)	(5.1)
Debt & Equity Securities Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	2.1	0.7	0.8	4.3
Other comprehensive income (loss) before reclassifications	0.4	0.4	1.7	(0.6)
Amounts reclassified from AOCI	0	0	0	0
Net Other Comprehensive Income (Loss)	0.4	0.4	1.7	(0.6)
Other			0	(2.6)
Ending balance	2.5	1.1	2.5	1.1
Pension Liability Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(54.2)	(95.9)	(55.6)	(101.2)
Other comprehensive income (loss) before reclassifications	14.4	0.7	14.6	3
Amounts reclassified from AOCI	(0.5)	1.5	0.7	4.5
Net Other Comprehensive Income (Loss)	13.9	2.2	15.3	7.5
Other			0	0
Ending balance	(40.3)	$ (93.7)	(40.3)	$ (93.7)
Demag-Mobile Cranes Business | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss on disposition of discontinued operations	(26.1)		(26.1)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	$ 2.8		$ 2.8

STOCKHOLDERS' EQUITY - Stock-Ba

STOCKHOLDERS' EQUITY - Stock-Based Compensation (Details) - $ / shares shares in Millions	Mar. 12, 2019	Sep. 30, 2019
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		1.1
Granted (in dollars per shares)		$ 34.22
Restricted Stock, Time-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards		57.00%
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		28.00%
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		15.00%
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)	1.31%
Expected volatility (as a percent)	36.64%
Risk-free interest rate (as a percent)	2.40%
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)	$ 38.77

STOCKHOLDERS' EQUITY - Share Re

STOCKHOLDERS' EQUITY - Share Repurchases and Dividends (Details) - USD ($)	1 Months Ended	3 Months Ended							9 Months Ended
	Oct. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Jul. 12, 2018	Feb. 07, 2018
Subsequent Event [Line Items]
Stock repurchase program, authorized amount											$ 300,000,000	$ 325,000,000
Stock repurchased during period, shares									0
Treasury stock acquired (in shares)					3,400,000					8,000,000
Treasury stock acquired, cost method		$ 300,000	$ 2,100,000	$ 300,000	$ 100,000,000	$ 300,000	$ 117,800,000	$ 209,500,000		$ 325,000,000
Remaining available repurchase amount		$ 200,000,000							$ 200,000,000
Dividends declared (in dollars per share)		$ 0.11	$ 0.11	$ 0.11
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.11