Terex (TEX) 10-Q 29 Oct 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares shares in Millions	9 Months Ended
	Sep. 30, 2021	Oct. 26, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
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	45 Glover Ave, 4th Floor
Entity Address, City or Town	Norwalk
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06850
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		69.8
Entity Central Index Key	0000097216
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Net sales	$ 993.8	$ 765.6	$ 2,896.7	$ 2,289.7
Cost of goods sold	(815.3)	(619.3)	(2,311.2)	(1,899.6)
Gross profit	178.5	146.3	585.5	390.1
Selling, general and administrative expenses	(104.3)	(109.8)	(327.3)	(353.3)
Income (loss) from operations	74.2	36.5	258.2	36.8
Other income (expense)
Interest income	0.6	0.8	2.9	2.5
Interest expense	(12.3)	(15.8)	(40.6)	(50)
Loss on early extinguishment of debt	0	0	(27.7)	0
Other income (expense) – net	(1.1)	(0.6)	2.7	(0.1)
Income (loss) from continuing operations before income taxes	61.4	20.9	195.5	(10.8)
(Provision for) benefit from income taxes	(13.9)	1.1	(36)	4.9
Income (loss) from continuing operations	47.5	22	159.5	(5.9)
Income (loss) from discontinued operations – net of tax	0	(0.1)	0	(1.3)
Gain (loss) on disposition of discontinued operations – net of tax	0.6	(16.1)	2.6	(21.1)
Net income (loss)	$ 48.1	$ 5.8	$ 162.1	$ (28.3)
Basic earnings (loss) per share:
Income (loss) from continuing operations	$ 0.68	$ 0.31	$ 2.29	$ (0.09)
Income (loss) from discontinued operations – net of tax	0	0	0	(0.02)
Gain (loss) on disposition of discontinued operations – net of tax	0.01	(0.23)	0.04	(0.30)
Net income (loss)	0.69	0.08	2.33	(0.41)
Diluted earnings (loss) per share:
Income (loss) from continuing operations	0.67	0.31	2.25	(0.09)
Income (loss) from discontinued operations – net of tax	0	0	0	(0.02)
Gain (loss) on disposition of discontinued operations – net of tax	0.01	(0.23)	0.04	(0.30)
Net income (loss)	$ 0.68	$ 0.08	$ 2.29	$ (0.41)
Weighted average number of shares outstanding in per share calculation
Basic (in shares)	69.8	69.3	69.7	69.7
Diluted (in shares)	70.9	69.5	70.8	69.7
Comprehensive income (loss)	$ 18.8	$ 46.7	$ 141.2	$ (24.7)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 553.2	$ 665
Trade receivables (net of allowance of $10.5 and $9.5 at September 30, 2021 and December 31, 2020, respectively)	513.4	381.2
Inventories	747.7	610.4
Prepaid and other current assets	191.5	222
Total current assets	2,005.8	1,878.6
Non-current assets
Property, plant and equipment – net	412.6	406.6
Goodwill	279.7	275.4
Intangible assets – net	14.1	8.3
Other assets	355.7	462.9
Total assets	3,067.9	3,031.8
Current liabilities
Current portion of long-term debt	5.7	7.6
Trade accounts payable	548.7	369.9
Accrued compensation and benefits	108.4	85.8
Other current liabilities	277	260
Total current liabilities	939.8	723.3
Non-current liabilities
Long-term debt, less current portion	887.7	1,166.2
Other non-current liabilities	189.7	220.8
Total liabilities	2,017.2	2,110.3
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value – authorized 300.0 shares; issued 83.4 and 82.9 shares at September 30, 2021 and December 31, 2020, respectively	0.9	0.9
Additional paid-in capital	850.8	837.9
Retained earnings	886.6	750.3
Accumulated other comprehensive income (loss)	(229.3)	(208.4)
Less cost of shares of common stock in treasury – 14.2 and 14.3 shares at September 30, 2021 and December 31, 2020, respectively	(458.3)	(459.2)
Total stockholders’ equity	1,050.7	921.5
Total liabilities and stockholders’ equity	$ 3,067.9	$ 3,031.8

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Current assets
Trade receivables, allowance (in dollars)	$ 10.5	$ 9.5
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)	83,400,000	82,900,000
Treasury stock (in shares)	14,200,000	14,300,000

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury
Total stockholders' equity, Beginning of Period at Dec. 31, 2019	$ 932.3	$ 0.8	$ 824.4	$ 771.4	$ (257.5)	$ (406.8)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2019		70,400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(24.9)			(24.9)
Other Comprehensive Income (Loss) – net of tax	(56.2)				(56.2)
Issuance of Common Stock (in shares)		600,000
Issuance of Common Stock	26.5	$ 0.1	26.4
Compensation under Stock-based Plans - net (in shares)		100,000
Compensation under Stock-based Plans - net	(26.3)		(29.5)			3.2
Dividends	(8.4)		0.2	(8.6)
Acquisition of Treasury Stock	(54.9)					(54.9)
Acquisition of Treasury Stock (in shares)		(2,500,000)
Other	(1.9)			(1.9)
Shares outstanding, End of Period (in shares) at Mar. 31, 2020		68,600,000
Total stockholders' equity, End of Period at Mar. 31, 2020	786.2	$ 0.9	821.5	736	(313.7)	(458.5)
Total stockholders' equity, Beginning of Period at Dec. 31, 2019	932.3	$ 0.8	824.4	771.4	(257.5)	(406.8)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2019		70,400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (28.3)
Acquisition of Treasury Stock (in shares)	(2,500,000)
Shares outstanding, End of Period (in shares) at Sep. 30, 2020		68,600,000
Total stockholders' equity, End of Period at Sep. 30, 2020	$ 852.7	$ 0.9	832.2	732.6	(253.9)	(459.1)
Total stockholders' equity, Beginning of Period at Mar. 31, 2020	786.2	$ 0.9	821.5	736	(313.7)	(458.5)
Shares oustanding, Beginning of Period (in shares) at Mar. 31, 2020		68,600,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(9.2)			(9.2)
Other Comprehensive Income (Loss) – net of tax	18.9				18.9
Issuance of Common Stock (in shares)		100,000
Issuance of Common Stock	0.6		0.6
Compensation under Stock-based Plans - net	4.8		4.7			0.1
Acquisition of Treasury Stock	(1)					(1)
Acquisition of Treasury Stock (in shares)		(100,000)
Other	0.1			0.1
Shares outstanding, End of Period (in shares) at Jun. 30, 2020		68,600,000
Total stockholders' equity, End of Period at Jun. 30, 2020	800.4	$ 0.9	826.8	726.9	(294.8)	(459.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5.8			5.8
Other Comprehensive Income (Loss) – net of tax	40.9				40.9
Issuance of Common Stock (in shares)		0
Issuance of Common Stock	0.7		0.7
Compensation under Stock-based Plans - net	5.1		4.7			0.4
Acquisition of Treasury Stock	(0.1)					(0.1)
Acquisition of Treasury Stock (in shares)		0
Other	(0.1)			(0.1)
Shares outstanding, End of Period (in shares) at Sep. 30, 2020		68,600,000
Total stockholders' equity, End of Period at Sep. 30, 2020	852.7	$ 0.9	832.2	732.6	(253.9)	(459.1)
Total stockholders' equity, Beginning of Period at Dec. 31, 2020	921.5	$ 0.9	837.9	750.3	(208.4)	(459.2)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2020		68,600,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	40.1			40.1
Other Comprehensive Income (Loss) – net of tax	(7.1)				(7.1)
Issuance of Common Stock (in shares)		500,000
Issuance of Common Stock	11.4		11.4
Compensation under Stock-based Plans - net (in shares)		100,000
Compensation under Stock-based Plans - net	(11)		(13.8)			2.8
Dividends	(8.3)		0.2	(8.5)
Acquisition of Treasury Stock	(0.3)					(0.3)
Other	(0.2)			(0.2)
Shares outstanding, End of Period (in shares) at Mar. 31, 2021		69,200,000
Total stockholders' equity, End of Period at Mar. 31, 2021	946.1	$ 0.9	835.7	781.7	(215.5)	(456.7)
Total stockholders' equity, Beginning of Period at Dec. 31, 2020	921.5	$ 0.9	837.9	750.3	(208.4)	(459.2)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2020		68,600,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	162.1
Shares outstanding, End of Period (in shares) at Sep. 30, 2021		69,200,000
Total stockholders' equity, End of Period at Sep. 30, 2021	1,050.7	$ 0.9	850.8	886.6	(229.3)	(458.3)
Total stockholders' equity, Beginning of Period at Mar. 31, 2021	946.1	$ 0.9	835.7	781.7	(215.5)	(456.7)
Shares oustanding, Beginning of Period (in shares) at Mar. 31, 2021		69,200,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	73.9			73.9
Other Comprehensive Income (Loss) – net of tax	15.5				15.5
Issuance of Common Stock	0.4		0.4
Compensation under Stock-based Plans - net	7.9		7.8			0.1
Dividends	(8.4)		0.1	(8.5)
Acquisition of Treasury Stock	(1.4)					(1.4)
Other	(0.1)			(0.1)
Shares outstanding, End of Period (in shares) at Jun. 30, 2021		69,200,000
Total stockholders' equity, End of Period at Jun. 30, 2021	1,033.9	$ 0.9	844	847	(200)	(458)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	48.1			48.1
Other Comprehensive Income (Loss) – net of tax	(29.3)				(29.3)
Issuance of Common Stock	0.2		0.2
Compensation under Stock-based Plans - net	6.5		6.5			0
Dividends	(8.4)		0.1	(8.5)
Acquisition of Treasury Stock	(0.2)					(0.2)
Other	(0.1)			0		(0.1)
Shares outstanding, End of Period (in shares) at Sep. 30, 2021		69,200,000
Total stockholders' equity, End of Period at Sep. 30, 2021	$ 1,050.7	$ 0.9	$ 850.8	$ 886.6	$ (229.3)	$ (458.3)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Operating Activities
Net income (loss)	$ 162.1	$ (28.3)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	37.9	36.3
(Gain) loss on disposition of discontinued operations	(2.6)	21.1
Loss on early extinguishment of debt	27.7	0
Stock-based compensation expense	24.1	17.8
Inventory and other non-cash charges	18.2	18.7
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):
Trade receivables	(143.5)	(13.7)
Inventories	(159.9)	214.6
Trade accounts payable	185.8	(174)
Other assets and liabilities	171.1	4.7
Foreign exchange and other operating activities, net	3.2	(8.3)
Net cash provided by (used in) operating activities	324.1	88.9
Investing Activities
Capital expenditures	(31.7)	(53.9)
Proceeds from sale of capital assets	1.2	2.5
Acquisitions, net of cash acquired, and investments	(42.9)	0
Proceeds (payments) from disposition of discontinued operations	0	11.4
Net cash provided by (used in) investing activities	(73.4)	(40)
Financing Activities
Repayments of debt	(882.5)	(174.5)
Proceeds from issuance of debt	600.1	170
Payment of debt extinguishment costs	(16.9)	0
Share repurchases	(1.7)	(55.9)
Dividends paid	(25.1)	(8.4)
Other financing activities, net	(22.6)	(12)
Net cash provided by (used in) financing activities	(348.7)	(80.8)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(13.9)	4.4
Net Increase (Decrease) in Cash and Cash Equivalents	(111.9)	(27.5)
Cash and Cash Equivalents at Beginning of Period	670.1	540.1
Cash and Cash Equivalents at End of Period	$ 558.2	$ 512.6

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Basis of Presentation and Principles of Consolidation. The accompanying unaudited Condensed Consolidated Financial Statements of Terex Corporation and subsidiaries as of September 30, 2021 and for the three and nine months ended September 30, 2021 and 2020 have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by U.S. GAAP to be included in full-year financial statements. The accompanying Condensed Consolidated Balance Sheet as of December 31, 2020 has been derived from audited consolidated financial statements as of that date, but does not include all disclosures required by U.S. GAAP. 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, 2020. 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 investments which do not have readily determinable fair values. All intercompany balances, transactions and profits have been eliminated. Certain prior period amounts have been reclassified to conform with the 2021 presentation. In the opinion of management, adjustments considered necessary for the fair statement of these interim financial statements have been made. Except as otherwise disclosed, all such adjustments consist only of those of a normal recurring nature. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of results that may be expected for the year ending December 31, 2021. Cash and cash equivalents include $3.3 million and $5.0 million at September 30, 2021 and December 31, 2020, respectively, which were not immediately available for use. These consist primarily of cash balances held in escrow to secure various obligations of the Company . The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions): September 30, 2021 December 31, 2020 Cash and cash equivalents: Cash and cash equivalents - continuing operations $ 553.2 $ 665.0 Cash and cash equivalents - held for sale (1) 5.0 5.1 Total cash and cash equivalents $ 558.2 $ 670.1 (1) Amounts relate to the Company’s utility hot lines tools business located in South America. Recently Issued Accounting Standards Accounting Standards Implemented in 2021 In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application of Topic 740. The Company adopted ASU 2019-12 on January 1, 2021. Adoption did not have a material effect on the Company’s consolidated financial statements. Accounting Standards to be Implemented In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met to ease an entity’s financial reporting burden as the market transitions from LIBOR and other interbank offered rates to alternative reference rates. The FASB further issued ASU 2021-01 in January 2021 to clarify the scope of Topic 848. The guidance was effective upon issuance and may be applied through December 31, 2022. Adoption is not expected to have a material effect on the Company’s consolidated financial statements. Accounts Receivable and Allowance for Doubtful Accounts. Trade accounts receivable are recorded at invoiced amount and do not bear interest. Allowance for doubtful accounts is the Company’s estimate of current expected credit losses on its existing accounts receivable and determined based on historical customer assessments, current financial conditions and reasonable and supportable forecasts. Account balances are charged off against the allowance when the Company determines the receivable will not be recovered. There can be no assurance that the Company’s estimate of accounts receivable collection will be indicative of future results. The following table summarizes changes in the consolidated allowance for doubtful accounts (in millions): Balance as of December 31, 2020 $ 9.5 Provision for credit losses 2.3 Other adjustments (1.3) Balance as of September 30, 2021 $ 10.5 Finance Receivables. The Company’s net finance receivable balances include both sales-type leases and commercial loans. The Company had $12.9 million and $129.8 million of gross finance receivables at September 30, 2021 and December 31, 2020, respectively. The allowance for credit losses on finance receivables was $8.0 million and $13.8 million at September 30, 2021 and December 31, 2020, respectively. In February 2021, the Company transferred finance receivables of $89.7 million to a U.S. regional bank, which qualified for sales treatment under ASC 860. The Company received $99.4 million cash proceeds from the sale and recognized a net gain of $5.6 million. Guarantees. The Company issues guarantees to financial institutions related to financing of equipment purchases by customers. The expectation of losses or non-performance is assessed based on consideration of historical customer reviews, current financial conditions, reasonable and supportable forecasts, equipment collateral value and other factors. Reserves are recorded for expected loss over the contractual period of risk exposure. See Note L – “Litigation and Contingencies” for additional information regarding guarantees issued to financial institutions. 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. Assumptions are updated for known events that may affect the potential warranty liability. The following table summarizes changes in the consolidated product warranty liability (in millions): Balance as of December 31, 2020 $ 52.9 Accruals for warranties issued during the period 31.8 Changes in estimates (1.5) Settlements during the period (34.7) Foreign exchange effect/other (1.0) Balance as of September 30, 2021 $ 47.5 Fair Value Measurements. Assets and liabilities measured at fair value on a recurring basis under the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement and Disclosure” (“ASC 820”) include interest rate caps, commodity swaps, cross currency swaps and foreign exchange contracts, discussed in Note I – “Derivative Financial Instruments” and debt discussed in Note J – “Long-term Obligations”. These instruments are valued using a market approach, which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ASC 820 establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’s assumptions (unobservable inputs). The hierarchy consists of three levels: Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity). Determining which category an asset or liability falls within this hierarchy requires judgment. The Company evaluates its hierarchy disclosures each quarter.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Terex is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds and supports products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. Terex’s products are manufactured in North and South America, Europe, Australia and Asia and sold worldwide. The Company engages with customers through all stages of the product life cycle, from initial specification and financing to parts and service support. The Company identifies its operating segments according to how business activities are managed and evaluated, and has identified three operating segments: Aerials, Utilities and Materials Processing (“MP”). As Aerials and Utilities operating segments share similar economic characteristics, these operating segments are aggregated into one operating segment, Aerial Work Platforms (“AWP”). The Company operates in two reportable segments: (i) AWP and (ii) MP. AWP designs, manufactures, services and markets aerial work platform equipment, utility equipment and telehandlers as well as their related components and replacement parts. Customers use these products to construct and maintain industrial, commercial, institutional and residential buildings and facilities, for 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. MP designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower 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, moving materials and equipment on rugged or uneven terrain, lifting construction material and placing material at point of use. 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 facilitate financial products and services to assist customers in the acquisition of the Company’s equipment. TFS is included in Corporate and Other. Corporate and Other also includes eliminations among the two reportable segments, as well as general and corporate items. Business segment information is presented below (in millions): Three Months Ended Nine Months Ended 2021 2020 2021 2020 Net sales AWP $ 572.5 $ 445.0 $ 1,644.4 $ 1,370.6 MP 418.7 311.3 1,237.7 890.5 Corporate and Other / Eliminations 2.6 9.3 14.6 28.6 Total $ 993.8 $ 765.6 $ 2,896.7 $ 2,289.7 Income (loss) from operations AWP $ 34.9 $ 13.3 $ 126.7 $ 2.4 MP 57.1 40.3 178.3 88.7 Corporate and Other / Eliminations (17.8) (17.1) (46.8) (54.3) Total $ 74.2 $ 36.5 $ 258.2 $ 36.8 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) $ 1,814.3 $ 1,541.0 MP 1,675.5 1,596.3 Corporate and Other / Eliminations (2) (428.9) (111.8) Assets held for sale 7.0 6.3 Total $ 3,067.9 $ 3,031.8 (1) Increase primarily due to higher trade receivable and inventory balances. (2) Change primarily due to lower cash and finance receivable balances and higher intercompany eliminations. 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 $ 377.5 $ 159.8 $ 8.3 $ 545.6 $ 278.4 $ 123.3 $ 16.0 $ 417.7 Western Europe 81.8 117.9 0.2 199.9 55.6 94.6 — 150.2 Asia-Pacific 80.5 95.5 0.5 176.5 89.3 64.3 0.2 153.8 Rest of World (1) 32.7 45.5 (6.4) 71.8 21.7 29.1 (6.9) 43.9 Total (2) $ 572.5 $ 418.7 $ 2.6 $ 993.8 $ 445.0 $ 311.3 $ 9.3 $ 765.6 (1) Includes intercompany sales and eliminations. (2) Total sales include $490.3 million and $386.2 million for the three months ended September 30, 2021 and 2020, respectively, attributable to the U.S., 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 $ 1,066.7 $ 488.9 $ 23.7 $ 1,579.3 $ 897.7 $ 361.5 $ 49.7 $ 1,308.9 Western Europe 265.8 379.8 0.4 646.0 186.2 270.5 0.2 456.9 Asia-Pacific 241.6 258.0 0.9 500.5 215.8 169.9 1.5 387.2 Rest of World (1) 70.3 111.0 (10.4) 170.9 70.9 88.6 (22.8) 136.7 Total (2) $ 1,644.4 $ 1,237.7 $ 14.6 $ 2,896.7 $ 1,370.6 $ 890.5 $ 28.6 $ 2,289.7 (1) Includes intercompany sales and eliminations. (2) Total sales include $1.4 billion and $1.2 billion for the nine months ended September 30, 2021 and 2020, respectively, attributable to the U.S., 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 $ 413.7 $ — $ 0.2 $ 413.9 $ 321.1 $ — $ 0.3 $ 321.4 Materials Processing Equipment — 245.5 — 245.5 — 194.7 — 194.7 Specialty Equipment — 173.1 0.3 173.4 — 116.4 0.4 116.8 Other (1) 158.8 0.1 2.1 161.0 123.9 0.2 8.6 132.7 Total $ 572.5 $ 418.7 $ 2.6 $ 993.8 $ 445.0 $ 311.3 $ 9.3 $ 765.6 (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 $ 1,218.9 $ — $ 0.8 $ 1,219.7 $ 947.2 $ — $ 0.5 $ 947.7 Materials Processing Equipment — 735.4 — 735.4 — 533.6 — 533.6 Specialty Equipment — 501.7 1.8 503.5 — 354.6 1.1 355.7 Other (1) 425.5 0.6 12.0 438.1 423.4 2.3 27.0 452.7 Total $ 1,644.4 $ 1,237.7 $ 14.6 $ 2,896.7 $ 1,370.6 $ 890.5 $ 28.6 $ 2,289.7 (1) Includes other product types, intercompany sales and eliminations.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended September 30, 2021, the Company recognized income tax expense of $13.9 million on income of $61.4 million, an effective tax rate of 22.6%, as compared to income tax benefit of $1.1 million on income of $20.9 million, an effective tax rate of (5.3)%, for the three months ended September 30, 2020. The higher effective tax rate for the three months ended September 30, 2021 when compared with the three months ended September 30, 2020 is primarily due to U.S. tax on foreign income, the 2020 benefit of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and geographic mix. During the nine months ended September 30, 2021, the Company recognized income tax expense of $36.0 million on income of $195.5 million, an effective tax rate of 18.4%, as compared to income tax benefit of $4.9 million on loss of $10.8 million, an effective tax rate of 45.4%, for the nine months ended September 30, 2020. The lower effective tax rate for the nine months ended September 30, 2021 when compared with the nine months ended September 30, 2020 is primarily due to geographic mix and the 2020 benefit of the CARES Act, partially offset by U.S. tax on foreign income.

ACQUISITIONS AND DISCONTINUED O

ACQUISITIONS AND DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
ACQUISITIONS AND DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS Acquisitions On July 6, 2021, the Company acquired all of the outstanding shares of Murray Design & Engineering, Ltd (“MDS”), a manufacturer of heavy duty aggregate and recycling trommels, apron feeders and conveyor systems, based in the Republic of Ireland. Total cash consideration transferred was approximately $19 million. The transaction was recorded as a business combination using the acquisition method which requires measurement of identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date. Goodwill was calculated as the excess of the aggregate of the fair value of the consideration transferred over the fair value of the net assets recognized. See Note H – “Goodwill and Intangible Assets, Net” for additional information regarding goodwill recognized as a result of the acquisition. MDS’s results of operations are consolidated within the MP segment in the Condensed Consolidated Financial Statements from the date of acquisition. On May 25, 2021, the Company acquired assets to facilitate manufacturing of certain MP products in China. Total cash consideration transferred was approximately $17 million. The transaction was recorded as an asset acquisition at cost, with the consideration allocated to individual assets acquired. Discontinued Operations On July 31, 2019, the Company completed the disposition of Demag ® mobile cranes business to Tadano Ltd. and certain of its subsidiaries. During 2019, the Company also exited 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. During the three and nine months ended September 30, 2020, the Company recorded income (loss) from discontinued operations, net of tax of $(0.1) million and $(1.3) million, respectively. Gain (Loss) on Disposition of Discontinued Operations - net of tax is presented below (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Cranes Material Handling and Port Solutions Total Cranes Cranes Material Handling and Port Solutions Total Cranes Gain (loss) on disposition of discontinued operations $ 0.8 $ — $ 0.8 $ (20.5) $ 1.4 $ 1.2 $ 2.6 $ (27.7) (Provision for) benefit from income taxes (0.2) — (0.2) 4.4 (0.4) 0.4 — 6.6 Gain (loss) on disposition of discontinued operations – net of tax $ 0.6 $ — $ 0.6 $ (16.1) $ 1.0 $ 1.6 $ 2.6 $ (21.1)

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE (in millions, except per share data) Three Months Ended Nine Months Ended 2021 2020 2021 2020 Income (loss) from continuing operations $ 47.5 $ 22.0 $ 159.5 $ (5.9) Income (loss) from discontinued operations – net of tax — (0.1) — (1.3) Gain (loss) on disposition of discontinued operations – net of tax 0.6 (16.1) 2.6 (21.1) Net income (loss) $ 48.1 $ 5.8 $ 162.1 $ (28.3) Basic shares: Weighted average shares outstanding 69.8 69.3 69.7 69.7 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 0.68 $ 0.31 $ 2.29 $ (0.09) Income (loss) from discontinued operations – net of tax — — — (0.02) Gain (loss) on disposition of discontinued operations – net of tax 0.01 (0.23) 0.04 (0.30) Net income (loss) $ 0.69 $ 0.08 $ 2.33 $ (0.41) Diluted shares: Weighted average shares outstanding – basic 69.8 69.3 69.7 69.7 Effect of dilutive securities: Restricted stock awards 1.1 0.2 1.1 — Diluted weighted average shares outstanding 70.9 69.5 70.8 69.7 Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 0.67 $ 0.31 $ 2.25 $ (0.09) Income (loss) from discontinued operations – net of tax — — — (0.02) Gain (loss) on disposition of discontinued operations – net of tax 0.01 (0.23) 0.04 (0.30) Net income (loss) $ 0.68 $ 0.08 $ 2.29 $ (0.41) Non-vested restricted stock and restricted stock units granted (“restricted stock awards”) by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average restricted stock awards of approximately 0.1 million and 0.9 million were outstanding during the three months ended September 30, 2021 and 2020, 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 0.1 million and 2.0 million were outstanding during the nine months ended September 30, 2021 and 2020, 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.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following (in millions): September 30, December 31, Finished equipment $ 256.9 $ 195.8 Replacement parts 155.6 157.0 Work-in-process 94.3 57.2 Raw materials and supplies 240.9 200.4 Inventories $ 747.7 $ 610.4 Reserves for lower of cost or net realizable value and excess and obsolete inventory were $57.2 million and $61.8 million at September 30, 2021 and December 31, 2020, respectively.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2021
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 $ 53.0 $ 43.6 Plant 281.0 250.1 Equipment 396.7 390.2 Leasehold improvements 49.6 49.9 Construction in progress 10.7 31.1 Property, plant and equipment – gross 791.0 764.9 Less: Accumulated depreciation (378.4) (358.3) Property, plant and equipment – net $ 412.6 $ 406.6

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	GOODWILL AND INTANGIBLE ASSETS An analysis of changes in the Company’s goodwill by business segment is as follows (in millions): AWP MP Total Balance at December 31, 2020, gross $ 140.6 $ 196.6 $ 337.2 Accumulated impairment (38.6) (23.2) (61.8) Balance at December 31, 2020, net 102.0 173.4 275.4 Acquisitions — 7.3 7.3 Foreign exchange effect and other (0.8) (2.2) (3.0) Balance at September 30, 2021, gross 139.8 201.7 341.5 Accumulated impairment (38.6) (23.2) (61.8) Balance at September 30, 2021, net $ 101.2 $ 178.5 $ 279.7 In connection with the MDS acquisition, the Company recognized goodwill of $7.3 million during the period. The goodwill was assigned to the MP reporting unit and attributable primarily to the assembled workforce and expected synergies from the business combination. The goodwill is not expected to be deductible for income tax purposes. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition. Intangible assets, net were comprised of the following (in millions): September 30, 2021 December 31, 2020 Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Technology 8 $ 10.0 $ (9.8) $ 0.2 $ 10.1 $ (9.6) $ 0.5 Customer Relationships 19 32.1 (25.0) 7.1 26.1 (24.1) 2.0 Land Use Rights 80 4.3 (0.8) 3.5 4.4 (0.7) 3.7 Other 8 26.3 (23.0) 3.3 25.5 (23.4) 2.1 Total definite-lived intangible assets $ 72.7 $ (58.6) $ 14.1 $ 66.1 $ (57.8) $ 8.3 In connection with the MDS acquisition, the Company recognized customer relationships and trademarks of $6.3 million with an estimated useful life of 7 years and $1.3 million with an estimated useful life of 10 years during the period. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition. Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Aggregate Amortization Expense $ 0.7 $ 0.4 $ 1.6 $ 1.3 Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions): 2021 $ 2.2 2022 2.3 2023 1.7 2024 1.5 2025 1.4

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2021
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 uses cash flow derivatives to manage exposures. 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 methods 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. Interest Rate Caps and Commodity Swaps Derivatives designated as cash flow hedging instruments include interest rate caps and commodity swaps with outstanding notional value of $300.0 million and $18.6 million, respectively, at September 30, 2021. Commodity swaps outstanding at September 30, 2021 mature on or before August 31, 2022. The outstanding notional value of interest rate caps and commodity swaps was $300.0 million and $26.0 million, respectively, at December 31, 2020. The Company uses interest rate caps to mitigate its exposure to changes in interest rates related to variable rate debt and commodity swaps to mitigate price risk for hot rolled coil steel. Fair values of interest rate caps 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 interest rate caps and commodity swaps are deferred in Accumulated other comprehensive income (loss) (“AOCI”). Gains or losses on interest rate caps are reclassified to Interest expense in the Condensed Consolidated Statement of Comprehensive Income (Loss) when the underlying hedged transactions occur. Gains or losses on commodity swaps are reclassified to Cost of goods sold (“COGS”) in the Condensed Consolidated Statement of Comprehensive Income (Loss) when the hedged transaction affects earnings. In October 2021, the Company terminated all outstanding interest rate caps. Cross Currency Swaps Derivatives designated as net investment hedging instruments include cross currency swaps with outstanding notional value of $92.6 million and $97.7 million at September 30, 2021 and December 31, 2020, respectively. The Company uses these cross currency swaps to mitigate its exposure to changes in foreign currency exchange rates related to a net investment in a Euro-denominated functional currency subsidiary. Fair values of cross currency swaps are based on the present value of future cash payments and receipts. Changes in the fair value of cross currency swaps are deferred in AOCI. Gains or losses on cross currency swaps are reclassified to Selling, general and administrative expenses in the Condensed Consolidated Statement of Comprehensive Income (Loss) when the net investment is liquidated. Foreign Exchange Contracts The Company enters into foreign exchange contracts to manage variability of future cash flows associated with changing currency exchange rates. Foreign currency exchange contracts, whether designated or not designated as cash flow hedges, are used to mitigate exposure to changes in foreign currency exchange rates on recognized assets and liabilities. 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. Foreign exchange contracts outstanding at September 30, 2021 mature during the fourth quarter of 2021. At December 31, 2020, the Company had $7.8 million notional value, respectively, of foreign exchange contracts outstanding that were designated as cash flow hedge contracts. There were no foreign exchange contracts that were designated as cash flow hedge contracts outstanding at September 30, 2021. For effective hedging instruments, changes in the fair value of foreign exchange contracts are deferred in AOCI until the underlying hedged transactions settle. Gains or losses on foreign exchange contracts are reclassified to COGS in the Company’s Condensed Consolidated Statement of Comprehensive Income (Loss). The Company had $38.0 million and $54.2 million notional value of foreign exchange contracts outstanding that were not designated as hedging instruments at September 30, 2021 and December 31, 2020, respectively. The majority of gains and losses recognized from foreign exchange contracts not designated as hedging instruments are 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 are recognized as gains or losses in COGS and 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 Commodity swaps Other current assets $ 7.9 $ — $ 7.2 $ — Commodity swaps Other non-current assets — — 0.3 — Interest rate caps Other non-current assets 0.8 — — — Foreign exchange contracts Other current liabilities — (0.3) — — Cross currency swaps - net investment hedge Other current liabilities (0.6) — (2.0) — Interest rate caps Other current liabilities (1.2) — (1.2) — Commodity swaps Other current liabilities (0.3) — — — Cross currency swaps - net investment hedge Other non-current liabilities (4.0) — (8.2) — Interest rate caps Other non-current liabilities — — (2.6) — Net derivative asset (liability) $ 2.6 $ (0.3) $ (6.5) $ — (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 (Loss) Instrument Three Months Ended Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ — $ — Cost of goods sold $ — $ 0.1 Commodity swaps (5.8) 9.1 Cost of goods sold 6.9 8.3 Cross currency swaps - net investment hedge 1.8 4.0 Selling, general and administrative expenses — — Interest rate caps 0.1 2.7 Interest expense (0.3) (0.9) Total $ (3.9) $ 15.8 Total $ 6.6 $ 7.5 Gain (Loss) Recognized on Derivatives in OCI, net of tax Gain (Loss) Reclassified from AOCI into Income (Loss) Instrument Three Months Ended Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ 0.2 $ (0.5) Cost of goods sold $ 0.3 $ (2.1) Commodity swaps 1.1 0.3 Cost of goods sold (0.1) (1.9) Cross currency swaps - net investment hedge (3.6) (5.8) Selling, general and administrative expenses — — Interest rate caps (0.5) (3.1) Interest expense (0.3) (0.1) Total $ (2.8) $ (9.1) Total $ (0.1) $ (4.1) 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 (Loss) Recognized in Income (Loss) Cost of goods sold Interest expense Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (815.3) $ (2,311.2) $ (12.3) $ (40.6) Gain (loss) reclassified from AOCI into Income (loss): Foreign exchange contracts — 0.1 — — Commodity swaps 6.9 8.3 — — Interest rate caps — — (0.3) (0.9) Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: Cross currency swaps - net investment hedge — — 0.2 0.5 Total $ 6.9 $ 8.4 $ (0.1) $ (0.4) Classification and amount of Gain (Loss) Recognized in Income (Loss) Cost of goods sold Interest expense Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (619.3) $ (1,899.6) $ (15.8) $ (50.0) Gain (loss) reclassified from AOCI into Income (loss): Foreign exchange contracts 0.3 (2.1) — — Commodity swaps (0.1) (1.9) — — Interest rate caps — — (0.3) (0.1) Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: Cross currency swaps - net investment hedge — — 0.2 0.3 Total $ 0.2 $ (4.0) $ (0.1) $ 0.2 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 (Loss) Three Months Ended Nine Months Ended Instrument Income Statement Account 2021 2020 2021 2020 Foreign exchange contracts Cost of goods sold $ (0.6) $ 0.1 $ (0.6) $ (0.2) Foreign exchange contracts Other income (expense) – net (0.1) (0.4) (0.3) (0.2) Debt conversion feature Other income (expense) – net — (0.1) — — Total $ (0.7) $ (0.4) $ (0.9) $ (0.4) In the Condensed Consolidated Statement of Comprehensive Income (Loss), the Company records hedging activity related to interest rate caps, commodity swaps, cross currency swaps, foreign exchange contracts 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 M - “Stockholders’ Equity” for unrealized net gains (losses), net of tax, included in AOCI. Within unrealized net gains (losses) included in AOCI as of September 30, 2021, it is estimated that $12.3 million of gains are expected to be reclassified into earnings in the next twelve months.

LONG-TERM OBLIGATIONS

LONG-TERM OBLIGATIONS	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
LONG-TERM OBLIGATIONS	LONG-TERM OBLIGATIONS Credit Agreement On January 31, 2017, the Company entered into a 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 credit agreement included (i) a $600 million revolving line of credit (the “Revolver”) and (ii) senior secured term loans totaling $600 million with a maturity date of January 31, 2024 (the “Term Loans”). On April 1, 2021, the Company entered into an amendment and restatement of the credit agreement (as amended and restated, the “Credit Agreement”) which included the following principal changes to the original credit agreement: (i) extension of the term of the Revolver to expire on April 1, 2026, which maturity will spring forward to November 1, 2023 if the $400 million senior secured term loan (the “Original Term Loan”) outstanding is not repaid or its maturity date is not extended, (ii) reinstatement of financial covenants that were waived in 2020, (iii) decrease in the interest rate on the drawn Revolver by 25 basis points and (iv) certain other technical changes, including additional language regarding the potential cessation of LIBOR as a benchmark rate. The Company recorded a loss on early extinguishment of debt related to the amendment and restatement of the Credit Agreement of $2.4 million in the second quarter of 2021. During the first quarter of 2021, the Company prepaid the $200 million term loan (the “2019 Term Loan”) under the Credit Agreement prior to its maturity date to reduce the Company’s outstanding debt and lower its leverage. The Company recorded a loss on early extinguishment of debt related to prepayment of $2.1 million for accelerated amortization of debt acquisition costs and original issue discount. The 2019 Term Loan bore interest at a rate of LIBOR plus 2.75% with a 0.75% LIBOR floor. The Original Term Loan under the Credit Agreement bears interest at a rate of LIBOR plus 2.00% with a 0.75% LIBOR floor. During the second quarter of 2021, the Company prepaid $83.0 million of the amount outstanding on the Original Term Loan prior to its maturity date to reduce the Company’s outstanding debt and lower its leverage. The Company recorded a loss on early extinguishment of debt related to prepayment of $0.7 million for accelerated amortization of debt acquisition costs and original issue discount. Unlimited incremental commitments 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 the maximum permitted level of the senior secured leverage as defined in the Credit Agreement. The 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 the Revolver are greater than 30% of the total revolving credit commitments, the Credit Agreement requires the Company to comply with the following financial tests: (i) minimum required level of the interest coverage ratio of 2.5 to 1.0 and (ii) maximum permitted level of the senior secured leverage ratio of 2.75 to 1.0. The Credit Agreement also contains customary default provisions. The Company was in compliance with all covenants contained in the Credit Agreement as of September 30, 2021. As of September 30, 2021 and December 31, 2020, the Company had $298.4 million and $579.9 million, net of discount, respectively, in Term Loans outstanding under the Credit Agreement. The weighted average interest rate on the Term Loans at September 30, 2021 and December 31, 2020 was 2.75% and 3.00%, respectively. The Company had no revolving credit amounts outstanding as of September 30, 2021 and December 31, 2020. In October 2021, the Company prepaid an additional $150 million of the Original Term Loan prior to its maturity date to reduce the Company’s outstanding debt and lower its leverage. The Company expects to record a loss on early extinguishment of debt related to prepayment of approximately $1 million for accelerated amortization of debt acquisition costs and original issue discount in the fourth quarter of 2021. 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 Credit Agreement and via bilateral arrangements outside the Credit Agreement. The 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 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 Credit Agreement and do not decrease availability under the Revolver. Letters of credit outstanding (in millions): September 30, 2021 December 31, 2020 $400 Million Facility $ — $ — $300 Million Facility 65.3 35.3 Bilateral Arrangements 45.1 47.2 Total $ 110.4 $ 82.5 Furthermore, the Company and certain of its subsidiaries agreed to take certain actions to secure borrowings under the Credit Agreement. As a result, 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 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 5-5/8% Notes were jointly and severally guaranteed by certain of the Company’s domestic subsidiaries. On March 15, 2021, the Company delivered a notice for the conditional redemption of all of its outstanding 5-5/8% Notes. On April 5, 2021, the Company redeemed the 5-5/8% Notes in full for $622.9 million, including redemption premiums of $16.9 million and accrued but unpaid interest of $6.0 million. The Company recorded a loss on early extinguishment of debt related to the redemption of the 5-5/8% Notes of $22.5 million in the second quarter of 2021. 5% Senior Notes In Apri1 2021, the Company sold and issued $600.0 million aggregate principal amount of Senior Notes Due 2029 (“5% Notes”) at par in a private offering. The proceeds from the 5% Notes, together with cash on hand, was used: (i) to fund redemption and discharge of the 5-5/8% Notes and (ii) to pay related premiums, fees, discounts and expenses. The 5% 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 of its debt set forth below as of September 30, 2021, as follows (in millions, except for quotes): Book Value Quote Fair Value 5% Notes $ 600.0 1.03875 $ 623.3 Original Term Loan (net of discount) $ 298.4 $ 0.99700 $ 297.5 The fair value of the 5% Notes and Original Term Loan is based on adjusted price quotations on the debt instruments in an active market. The Company believes that the carrying value of its other borrowings, including amounts outstanding, if any, for the revolving credit line under the Credit Agreement, approximate fair market value based on maturities for debt of similar terms. Fair value of 5% Notes, Original Term Loan and these other borrowings are categorized under Level 2 of the ASC 820 hierarchy. See Note A – “Basis of Presentation” for an explanation of ASC 820 hierarchy.

RETIREMENT PLANS AND OTHER BENE

RETIREMENT PLANS AND OTHER BENEFITS	9 Months Ended
	Sep. 30, 2021
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 in the U.S. (“U.S. SERP”). In Italy and Mexico, 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 U.S. SERP, is as follows (in millions): Three Months Ended Nine Months Ended 2021 2020 2021 2020 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 $ — $ 0.2 $ — $ — $ 0.4 $ — $ — $ 0.7 $ — $ — $ 1.0 $ — Interest cost 0.2 0.6 0.1 0.3 0.7 — 0.8 1.8 0.1 1.0 2.0 0.1 Expected return on plan assets — (1.3) — — (1.3) — — (4.2) — — (3.9) — Amortization of actuarial (gain) loss — 0.6 — 0.1 0.3 — 0.2 1.8 — 0.1 1.3 — Net periodic cost $ 0.2 $ 0.1 $ 0.1 $ 0.4 $ 0.1 $ — $ 1.0 $ 0.1 $ 0.1 $ 1.1 $ 0.4 $ 0.1 Components of Net periodic cost other than the Service cost component are included in Other income (expense) - Net in the Condensed Consolidated Statement of Comprehensive Income (Loss). The Service cost component is included in the same line item or items as other compensation costs arising from services rendered by pertinent employees during the period.

LITIGATION AND CONTINGENCIES

LITIGATION AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2021
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 risks 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 condensed consolidated financial statements. 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. 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 tax, penalties and related interest in the amount of approximately BRL 103 million ($19 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. 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 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 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, 2021 and December 31, 2020, the maximum exposure determined at inception was $163.3 million and $143.8 million, respectively. Terms of these guarantees coincide with the financing arranged by the customer and generally do not exceed five years. The allowance for credit losses on credit guarantees was $10.2 million and $8.3 million at September 30, 2021 and December 31, 2020, respectively. 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, 2021
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, 2021 and 2020. All amounts are net of tax (in millions). Three Months Ended Three Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (156.6) $ 13.7 $ 0.6 $ (57.7) $ (200.0) $ (243.5) $ (7.1) $ 3.6 $ (47.8) $ (294.8) Other comprehensive income (loss) before reclassifications (27.1) 1.1 (0.2) 1.5 (24.7) 45.0 (2.7) 0.3 (2.0) 40.6 Amounts reclassified from AOCI — (5.0) — 0.4 (4.6) — (0.1) — 0.4 0.3 Net other comprehensive income (loss) (27.1) (3.9) (0.2) 1.9 (29.3) 45.0 (2.8) 0.3 (1.6) 40.9 Ending balance $ (183.7) $ 9.8 $ 0.4 $ (55.8) $ (229.3) $ (198.5) $ (9.9) $ 3.9 $ (49.4) $ (253.9) Nine Months Ended Nine Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (145.2) $ (6.0) $ 1.2 $ (58.4) $ (208.4) $ (208.2) $ (0.8) $ 2.6 $ (51.1) $ (257.5) Other comprehensive income (loss) before reclassifications (38.5) 21.6 (0.8) 1.1 (16.6) 9.7 (12.5) 1.3 0.5 (1.0) Amounts reclassified from AOCI — (5.8) — 1.5 (4.3) — 3.4 — 1.2 4.6 Net other comprehensive income (loss) (38.5) 15.8 (0.8) 2.6 (20.9) 9.7 (9.1) 1.3 1.7 3.6 Ending balance $ (183.7) $ 9.8 $ 0.4 $ (55.8) $ (229.3) $ (198.5) $ (9.9) $ 3.9 $ (49.4) $ (253.9) Stock-Based Compensation During the nine months ended September 30, 2021, the Company awarded 0.6 million shares of restricted stock awards to its employees with a weighted average grant date fair value of $44.56 per share. Approximately 58% of these awards are time-based and vest ratably on each of the first three anniversary dates of the grants. 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 14% 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 $54.92 per share for restricted stock awards with a market condition granted on March 4, 2021. 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 4, 2021 Dividend yields 1.12 % Expected volatility 53.03 % Risk free interest rate 0.29 % Expected life (in years) 3 Share Repurchases and Dividends In July 2018, Terex’s Board of Directors authorized the Company to repurchase up to $300 million of the Company’s outstanding shares of common stock. During the nine months ended September 30, 2021, the Company did not repurchase shares under these programs. During the nine months ended September 30, 2020, the Company repurchased 2.5 million shares for $54.6 million under these programs. Terex’s Board of Directors declared a dividend of $0.12 per share in the first, second and third quarters of 2021, which was paid to the Company’s shareholders. In October 2021, Terex’s Board of Directors declared a dividend of $0.12 per share, which will be paid to the Company’s shareholders on December 17, 2021.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Accounting Standards Implemented in 2021 In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application of Topic 740. The Company adopted ASU 2019-12 on January 1, 2021. Adoption did not have a material effect on the Company’s consolidated financial statements. Accounting Standards to be Implemented In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met to ease an entity’s financial reporting burden as the market transitions from LIBOR and other interbank offered rates to alternative reference rates. The FASB further issued ASU 2021-01 in January 2021 to clarify the scope of Topic 848. The guidance was effective upon issuance and may be applied through December 31, 2022. Adoption is not expected to have a material effect on the Company’s consolidated financial statements.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts. Trade accounts receivable are recorded at invoiced amount and do not bear interest. Allowance for doubtful accounts is the Company’s estimate of current expected credit losses on its existing accounts receivable and determined based on historical customer assessments, current financial conditions and reasonable and supportable forecasts. Account balances are charged off against the allowance when the Company determines the receivable will not be recovered. There can be no assurance that the Company’s estimate of accounts receivable collection will be indicative of future results.
Financing Receivables	Finance Receivables. The Company’s net finance receivable balances include both sales-type leases and commercial loans. The Company had $12.9 million and $129.8 million of gross finance receivables at September 30, 2021 and December 31, 2020, respectively. The allowance for credit losses on finance receivables was $8.0 million and $13.8 million at September 30, 2021 and December 31, 2020, respectively. In February 2021, the Company transferred finance receivables of $89.7 million to a U.S. regional bank, which qualified for sales treatment under ASC 860. The Company received $99.4 million cash proceeds from the sale and recognized a net gain of $5.6 million.
Guarantees	Guarantees. The Company issues guarantees to financial institutions related to financing of equipment purchases by customers. The expectation of losses or non-performance is assessed based on consideration of historical customer reviews, current financial conditions, reasonable and supportable forecasts, equipment collateral value and other factors. Reserves are recorded for expected loss over the contractual period of risk exposure. See Note L – “Litigation and Contingencies” for additional information regarding guarantees issued to financial institutions.
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. 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 interest rate caps, commodity swaps, cross currency swaps and foreign exchange contracts, discussed in Note I – “Derivative Financial Instruments” and debt discussed in Note J – “Long-term Obligations”. These instruments are valued using a market approach, which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ASC 820 establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’s assumptions (unobservable inputs). The hierarchy consists of three levels: Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity). Determining which category an asset or liability falls within this hierarchy requires judgment. The Company evaluates its hierarchy disclosures each quarter.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions): September 30, 2021 December 31, 2020 Cash and cash equivalents: Cash and cash equivalents - continuing operations $ 553.2 $ 665.0 Cash and cash equivalents - held for sale (1) 5.0 5.1 Total cash and cash equivalents $ 558.2 $ 670.1 (1) Amounts relate to the Company’s utility hot lines tools business located in South America.
Accounts Receivable, Allowance for Credit Loss	The following table summarizes changes in the consolidated allowance for doubtful accounts (in millions): Balance as of December 31, 2020 $ 9.5 Provision for credit losses 2.3 Other adjustments (1.3) Balance as of September 30, 2021 $ 10.5
Schedule of Product Warranty Liability	The following table summarizes changes in the consolidated product warranty liability (in millions): Balance as of December 31, 2020 $ 52.9 Accruals for warranties issued during the period 31.8 Changes in estimates (1.5) Settlements during the period (34.7) Foreign exchange effect/other (1.0) Balance as of September 30, 2021 $ 47.5

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of business segment information	Business segment information is presented below (in millions): Three Months Ended Nine Months Ended 2021 2020 2021 2020 Net sales AWP $ 572.5 $ 445.0 $ 1,644.4 $ 1,370.6 MP 418.7 311.3 1,237.7 890.5 Corporate and Other / Eliminations 2.6 9.3 14.6 28.6 Total $ 993.8 $ 765.6 $ 2,896.7 $ 2,289.7 Income (loss) from operations AWP $ 34.9 $ 13.3 $ 126.7 $ 2.4 MP 57.1 40.3 178.3 88.7 Corporate and Other / Eliminations (17.8) (17.1) (46.8) (54.3) Total $ 74.2 $ 36.5 $ 258.2 $ 36.8
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	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) $ 1,814.3 $ 1,541.0 MP 1,675.5 1,596.3 Corporate and Other / Eliminations (2) (428.9) (111.8) Assets held for sale 7.0 6.3 Total $ 3,067.9 $ 3,031.8 (1) Increase primarily due to higher trade receivable and inventory balances. (2) Change primarily due to lower cash and finance receivable balances and higher intercompany eliminations.
Revenue from External Customers by Geographic Areas	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 $ 377.5 $ 159.8 $ 8.3 $ 545.6 $ 278.4 $ 123.3 $ 16.0 $ 417.7 Western Europe 81.8 117.9 0.2 199.9 55.6 94.6 — 150.2 Asia-Pacific 80.5 95.5 0.5 176.5 89.3 64.3 0.2 153.8 Rest of World (1) 32.7 45.5 (6.4) 71.8 21.7 29.1 (6.9) 43.9 Total (2) $ 572.5 $ 418.7 $ 2.6 $ 993.8 $ 445.0 $ 311.3 $ 9.3 $ 765.6 (1) Includes intercompany sales and eliminations. (2) Total sales include $490.3 million and $386.2 million for the three months ended September 30, 2021 and 2020, respectively, attributable to the U.S., 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 $ 1,066.7 $ 488.9 $ 23.7 $ 1,579.3 $ 897.7 $ 361.5 $ 49.7 $ 1,308.9 Western Europe 265.8 379.8 0.4 646.0 186.2 270.5 0.2 456.9 Asia-Pacific 241.6 258.0 0.9 500.5 215.8 169.9 1.5 387.2 Rest of World (1) 70.3 111.0 (10.4) 170.9 70.9 88.6 (22.8) 136.7 Total (2) $ 1,644.4 $ 1,237.7 $ 14.6 $ 2,896.7 $ 1,370.6 $ 890.5 $ 28.6 $ 2,289.7 (1) Includes intercompany sales and eliminations. (2) Total sales include $1.4 billion and $1.2 billion for the nine months ended September 30, 2021 and 2020, respectively, attributable to the U.S., the Company’s country of domicile.
Revenue from External Customers by Products and Services	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 $ 413.7 $ — $ 0.2 $ 413.9 $ 321.1 $ — $ 0.3 $ 321.4 Materials Processing Equipment — 245.5 — 245.5 — 194.7 — 194.7 Specialty Equipment — 173.1 0.3 173.4 — 116.4 0.4 116.8 Other (1) 158.8 0.1 2.1 161.0 123.9 0.2 8.6 132.7 Total $ 572.5 $ 418.7 $ 2.6 $ 993.8 $ 445.0 $ 311.3 $ 9.3 $ 765.6 (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 $ 1,218.9 $ — $ 0.8 $ 1,219.7 $ 947.2 $ — $ 0.5 $ 947.7 Materials Processing Equipment — 735.4 — 735.4 — 533.6 — 533.6 Specialty Equipment — 501.7 1.8 503.5 — 354.6 1.1 355.7 Other (1) 425.5 0.6 12.0 438.1 423.4 2.3 27.0 452.7 Total $ 1,644.4 $ 1,237.7 $ 14.6 $ 2,896.7 $ 1,370.6 $ 890.5 $ 28.6 $ 2,289.7 (1) Includes other product types, intercompany sales and eliminations.

ACQUISITIONS AND DISCONTINUED_2

ACQUISITIONS AND DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of disposal groups, including discontinued operations	Gain (Loss) on Disposition of Discontinued Operations - net of tax is presented below (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Cranes Material Handling and Port Solutions Total Cranes Cranes Material Handling and Port Solutions Total Cranes Gain (loss) on disposition of discontinued operations $ 0.8 $ — $ 0.8 $ (20.5) $ 1.4 $ 1.2 $ 2.6 $ (27.7) (Provision for) benefit from income taxes (0.2) — (0.2) 4.4 (0.4) 0.4 — 6.6 Gain (loss) on disposition of discontinued operations – net of tax $ 0.6 $ — $ 0.6 $ (16.1) $ 1.0 $ 1.6 $ 2.6 $ (21.1)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of earnings per share	(in millions, except per share data) Three Months Ended Nine Months Ended 2021 2020 2021 2020 Income (loss) from continuing operations $ 47.5 $ 22.0 $ 159.5 $ (5.9) Income (loss) from discontinued operations – net of tax — (0.1) — (1.3) Gain (loss) on disposition of discontinued operations – net of tax 0.6 (16.1) 2.6 (21.1) Net income (loss) $ 48.1 $ 5.8 $ 162.1 $ (28.3) Basic shares: Weighted average shares outstanding 69.8 69.3 69.7 69.7 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 0.68 $ 0.31 $ 2.29 $ (0.09) Income (loss) from discontinued operations – net of tax — — — (0.02) Gain (loss) on disposition of discontinued operations – net of tax 0.01 (0.23) 0.04 (0.30) Net income (loss) $ 0.69 $ 0.08 $ 2.33 $ (0.41) Diluted shares: Weighted average shares outstanding – basic 69.8 69.3 69.7 69.7 Effect of dilutive securities: Restricted stock awards 1.1 0.2 1.1 — Diluted weighted average shares outstanding 70.9 69.5 70.8 69.7 Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 0.67 $ 0.31 $ 2.25 $ (0.09) Income (loss) from discontinued operations – net of tax — — — (0.02) Gain (loss) on disposition of discontinued operations – net of tax 0.01 (0.23) 0.04 (0.30) Net income (loss) $ 0.68 $ 0.08 $ 2.29 $ (0.41)

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in millions): September 30, December 31, Finished equipment $ 256.9 $ 195.8 Replacement parts 155.6 157.0 Work-in-process 94.3 57.2 Raw materials and supplies 240.9 200.4 Inventories $ 747.7 $ 610.4

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2021
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 $ 53.0 $ 43.6 Plant 281.0 250.1 Equipment 396.7 390.2 Leasehold improvements 49.6 49.9 Construction in progress 10.7 31.1 Property, plant and equipment – gross 791.0 764.9 Less: Accumulated depreciation (378.4) (358.3) Property, plant and equipment – net $ 412.6 $ 406.6

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2020, gross $ 140.6 $ 196.6 $ 337.2 Accumulated impairment (38.6) (23.2) (61.8) Balance at December 31, 2020, net 102.0 173.4 275.4 Acquisitions — 7.3 7.3 Foreign exchange effect and other (0.8) (2.2) (3.0) Balance at September 30, 2021, gross 139.8 201.7 341.5 Accumulated impairment (38.6) (23.2) (61.8) Balance at September 30, 2021, net $ 101.2 $ 178.5 $ 279.7 In connection with the MDS acquisition, the Company recognized goodwill of $7.3 million during the period. The goodwill was assigned to the MP reporting unit and attributable primarily to the assembled workforce and expected synergies from the business combination. The goodwill is not expected to be deductible for income tax purposes. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition.
Schedule of intangible assets by class	Intangible assets, net were comprised of the following (in millions): September 30, 2021 December 31, 2020 Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Technology 8 $ 10.0 $ (9.8) $ 0.2 $ 10.1 $ (9.6) $ 0.5 Customer Relationships 19 32.1 (25.0) 7.1 26.1 (24.1) 2.0 Land Use Rights 80 4.3 (0.8) 3.5 4.4 (0.7) 3.7 Other 8 26.3 (23.0) 3.3 25.5 (23.4) 2.1 Total definite-lived intangible assets $ 72.7 $ (58.6) $ 14.1 $ 66.1 $ (57.8) $ 8.3 In connection with the MDS acquisition, the Company recognized customer relationships and trademarks of $6.3 million with an estimated useful life of 7 years and $1.3 million with an estimated useful life of 10 years during the period. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition.
Finite-lived Intangible Assets Amortization Expense	Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Aggregate Amortization Expense $ 0.7 $ 0.4 $ 1.6 $ 1.3
Schedule of intangible assets amortization expense	Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions): 2021 $ 2.2 2022 2.3 2023 1.7 2024 1.5 2025 1.4

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2021
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 Commodity swaps Other current assets $ 7.9 $ — $ 7.2 $ — Commodity swaps Other non-current assets — — 0.3 — Interest rate caps Other non-current assets 0.8 — — — Foreign exchange contracts Other current liabilities — (0.3) — — Cross currency swaps - net investment hedge Other current liabilities (0.6) — (2.0) — Interest rate caps Other current liabilities (1.2) — (1.2) — Commodity swaps Other current liabilities (0.3) — — — Cross currency swaps - net investment hedge Other non-current liabilities (4.0) — (8.2) — Interest rate caps Other non-current liabilities — — (2.6) — Net derivative asset (liability) $ 2.6 $ (0.3) $ (6.5) $ — (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 (Loss) Instrument Three Months Ended Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ — $ — Cost of goods sold $ — $ 0.1 Commodity swaps (5.8) 9.1 Cost of goods sold 6.9 8.3 Cross currency swaps - net investment hedge 1.8 4.0 Selling, general and administrative expenses — — Interest rate caps 0.1 2.7 Interest expense (0.3) (0.9) Total $ (3.9) $ 15.8 Total $ 6.6 $ 7.5 Gain (Loss) Recognized on Derivatives in OCI, net of tax Gain (Loss) Reclassified from AOCI into Income (Loss) Instrument Three Months Ended Nine Months Ended Income Statement Account Three Months Ended Nine Months Ended Foreign exchange contracts $ 0.2 $ (0.5) Cost of goods sold $ 0.3 $ (2.1) Commodity swaps 1.1 0.3 Cost of goods sold (0.1) (1.9) Cross currency swaps - net investment hedge (3.6) (5.8) Selling, general and administrative expenses — — Interest rate caps (0.5) (3.1) Interest expense (0.3) (0.1) Total $ (2.8) $ (9.1) Total $ (0.1) $ (4.1) 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 (Loss) Recognized in Income (Loss) Cost of goods sold Interest expense Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (815.3) $ (2,311.2) $ (12.3) $ (40.6) Gain (loss) reclassified from AOCI into Income (loss): Foreign exchange contracts — 0.1 — — Commodity swaps 6.9 8.3 — — Interest rate caps — — (0.3) (0.9) Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: Cross currency swaps - net investment hedge — — 0.2 0.5 Total $ 6.9 $ 8.4 $ (0.1) $ (0.4) Classification and amount of Gain (Loss) Recognized in Income (Loss) Cost of goods sold Interest expense Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Income Statement Accounts in which effects of cash flow hedges are recorded $ (619.3) $ (1,899.6) $ (15.8) $ (50.0) Gain (loss) reclassified from AOCI into Income (loss): Foreign exchange contracts 0.3 (2.1) — — Commodity swaps (0.1) (1.9) — — Interest rate caps — — (0.3) (0.1) Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: Cross currency swaps - net investment hedge — — 0.2 0.3 Total $ 0.2 $ (4.0) $ (0.1) $ 0.2
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 (Loss) Three Months Ended Nine Months Ended Instrument Income Statement Account 2021 2020 2021 2020 Foreign exchange contracts Cost of goods sold $ (0.6) $ 0.1 $ (0.6) $ (0.2) Foreign exchange contracts Other income (expense) – net (0.1) (0.4) (0.3) (0.2) Debt conversion feature Other income (expense) – net — (0.1) — — Total $ (0.7) $ (0.4) $ (0.9) $ (0.4)

LONG-TERM OBLIGATIONS LONG TERM

LONG-TERM OBLIGATIONS LONG TERM OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Letters of credit outstanding (in millions): September 30, 2021 December 31, 2020 $400 Million Facility $ — $ — $300 Million Facility 65.3 35.3 Bilateral Arrangements 45.1 47.2 Total $ 110.4 $ 82.5
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 of its debt set forth below as of September 30, 2021, as follows (in millions, except for quotes): Book Value Quote Fair Value 5% Notes $ 600.0 1.03875 $ 623.3 Original Term Loan (net of discount) $ 298.4 $ 0.99700 $ 297.5

RETIREMENT PLANS AND OTHER BE_2

RETIREMENT PLANS AND OTHER BENEFITS (Tables)	9 Months Ended
	Sep. 30, 2021
Retirement Benefits [Abstract]
Schedule of components of net periodic cost	Information regarding the Company’s plans, including the U.S. SERP, is as follows (in millions): Three Months Ended Nine Months Ended 2021 2020 2021 2020 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 $ — $ 0.2 $ — $ — $ 0.4 $ — $ — $ 0.7 $ — $ — $ 1.0 $ — Interest cost 0.2 0.6 0.1 0.3 0.7 — 0.8 1.8 0.1 1.0 2.0 0.1 Expected return on plan assets — (1.3) — — (1.3) — — (4.2) — — (3.9) — Amortization of actuarial (gain) loss — 0.6 — 0.1 0.3 — 0.2 1.8 — 0.1 1.3 — Net periodic cost $ 0.2 $ 0.1 $ 0.1 $ 0.4 $ 0.1 $ — $ 1.0 $ 0.1 $ 0.1 $ 1.1 $ 0.4 $ 0.1

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of accumulated other comprehensive income (loss)	The table below presents changes in AOCI by component for the three and nine months ended September 30, 2021 and 2020. All amounts are net of tax (in millions). Three Months Ended Three Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (156.6) $ 13.7 $ 0.6 $ (57.7) $ (200.0) $ (243.5) $ (7.1) $ 3.6 $ (47.8) $ (294.8) Other comprehensive income (loss) before reclassifications (27.1) 1.1 (0.2) 1.5 (24.7) 45.0 (2.7) 0.3 (2.0) 40.6 Amounts reclassified from AOCI — (5.0) — 0.4 (4.6) — (0.1) — 0.4 0.3 Net other comprehensive income (loss) (27.1) (3.9) (0.2) 1.9 (29.3) 45.0 (2.8) 0.3 (1.6) 40.9 Ending balance $ (183.7) $ 9.8 $ 0.4 $ (55.8) $ (229.3) $ (198.5) $ (9.9) $ 3.9 $ (49.4) $ (253.9) Nine Months Ended Nine Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (145.2) $ (6.0) $ 1.2 $ (58.4) $ (208.4) $ (208.2) $ (0.8) $ 2.6 $ (51.1) $ (257.5) Other comprehensive income (loss) before reclassifications (38.5) 21.6 (0.8) 1.1 (16.6) 9.7 (12.5) 1.3 0.5 (1.0) Amounts reclassified from AOCI — (5.8) — 1.5 (4.3) — 3.4 — 1.2 4.6 Net other comprehensive income (loss) (38.5) 15.8 (0.8) 2.6 (20.9) 9.7 (9.1) 1.3 1.7 3.6 Ending balance $ (183.7) $ 9.8 $ 0.4 $ (55.8) $ (229.3) $ (198.5) $ (9.9) $ 3.9 $ (49.4) $ (253.9)
Schedule of weighted-average assumptions used in the valuations	The following table presents the weighted-average assumptions used in the valuation: Grant date March 4, 2021 Dividend yields 1.12 % Expected volatility 53.03 % Risk free interest rate 0.29 % Expected life (in years) 3

BASIS OF PRESENTATION - Additio

BASIS OF PRESENTATION - Additional Information (Details) - USD ($) $ in Millions	Jul. 06, 2021	May 25, 2021	Sep. 30, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents, not immediately available for use			$ 3.3	$ 5
Consideration transferred for acquisition of assets		$ 17
Murray Design & Engineering, Ltd.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Consideration transferred for business acquisition	$ 19

BASIS OF PRESENTATION - Schedul

BASIS OF PRESENTATION - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents - continuing operations	$ 553.2	$ 665
Cash and cash equivalents - held for sale	5	5.1
Total cash and cash equivalents	$ 558.2	$ 670.1	$ 512.6	$ 540.1

BASIS OF PRESENTATION - Changes

BASIS OF PRESENTATION - Changes in Product Warranty Liability (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Changes in consolidated current and non-current product warranty liability
Balance as of December 31, 2020	$ 52.9
Accruals for warranties issued during the period	31.8
Changes in estimates	(1.5)
Settlements during the period	(34.7)
Foreign exchange effect/other	(1)
Balance as of September 30, 2021	$ 47.5

BASIS OF PRESENTATION - Allowan

BASIS OF PRESENTATION - Allowance for doubtful accounts rollforward (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9.5
Provision for credit losses	2.3
Other adjustments	(1.3)
Ending balance	$ 10.5

BASIS OF PRESENTATION - Finance

BASIS OF PRESENTATION - Finance Receivables (Details) - USD ($) $ in Millions	1 Months Ended
	Feb. 28, 2021	Sep. 30, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Financing receivable, gross		$ 12.9	$ 129.8
Allowance for credit losses		$ (8)	$ (13.8)
Value of finance receivables sold	$ 89.7
Proceeds received from finance receivables sold	99.4
Gain on finance receivables sold	$ 5.6

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Additional Information (Details)	9 Months Ended
	Sep. 30, 2021segments
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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Net sales	$ 993.8	$ 765.6	$ 2,896.7	$ 2,289.7
Income (loss) from operations	74.2	36.5	258.2	36.8
Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	572.5	445	1,644.4	1,370.6
Income (loss) from operations	34.9	13.3	126.7	2.4
Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	418.7	311.3	1,237.7	890.5
Income (loss) from operations	57.1	40.3	178.3	88.7
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	2.6	9.3	14.6	28.6
Income (loss) from operations	$ (17.8)	$ (17.1)	$ (46.8)	$ (54.3)

BUSINESS SEGMENT INFORMATION _3

BUSINESS SEGMENT INFORMATION - Identifiable Assets by Segment (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 3,067.9	$ 3,031.8
Operating Segments | AWP
Segment Reporting Information [Line Items]
Assets	1,814.3	1,541
Operating Segments | MP
Segment Reporting Information [Line Items]
Assets	1,675.5	1,596.3
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Assets	(428.9)	(111.8)
Discontinued Operations, Held-for-sale
Segment Reporting Information [Line Items]
Assets held for sale	$ 7	$ 6.3

BUSINESS SEGMENT INFORMATION _4

BUSINESS SEGMENT INFORMATION - Net Sales by Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Net sales	$ 993.8	$ 765.6	$ 2,896.7	$ 2,289.7
UNITED STATES
Segment Reporting Information [Line Items]
Net sales	490.3	386.2	1,400	1,200
North America
Segment Reporting Information [Line Items]
Net sales	545.6	417.7	1,579.3	1,308.9
Western Europe
Segment Reporting Information [Line Items]
Net sales	199.9	150.2	646	456.9
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	176.5	153.8	500.5	387.2
Rest of World
Segment Reporting Information [Line Items]
Net sales	71.8	43.9	170.9	136.7
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	2.6	9.3	14.6	28.6
Corporate and Other / Eliminations | North America
Segment Reporting Information [Line Items]
Net sales	8.3	16	23.7	49.7
Corporate and Other / Eliminations | Western Europe
Segment Reporting Information [Line Items]
Net sales	0.2	0	0.4	0.2
Corporate and Other / Eliminations | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	0.5	0.2	0.9	1.5
Corporate and Other / Eliminations | Rest of World
Segment Reporting Information [Line Items]
Net sales	(6.4)	(6.9)	(10.4)	(22.8)
AWP | Operating Segments
Segment Reporting Information [Line Items]
Net sales	572.5	445	1,644.4	1,370.6
AWP | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	377.5	278.4	1,066.7	897.7
AWP | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	81.8	55.6	265.8	186.2
AWP | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	80.5	89.3	241.6	215.8
AWP | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	32.7	21.7	70.3	70.9
MP | Operating Segments
Segment Reporting Information [Line Items]
Net sales	418.7	311.3	1,237.7	890.5
MP | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	159.8	123.3	488.9	361.5
MP | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	117.9	94.6	379.8	270.5
MP | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	95.5	64.3	258	169.9
MP | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	$ 45.5	$ 29.1	$ 111	$ 88.6

BUSINESS SEGMENT INFORMATION _5

BUSINESS SEGMENT INFORMATION - Net Sales by Product Type (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Net sales	$ 993.8	$ 765.6	$ 2,896.7	$ 2,289.7
Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	572.5	445	1,644.4	1,370.6
Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	418.7	311.3	1,237.7	890.5
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	2.6	9.3	14.6	28.6
Aerial Work Platforms
Segment Reporting Information [Line Items]
Net sales	413.9	321.4	1,219.7	947.7
Aerial Work Platforms | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	413.7	321.1	1,218.9	947.2
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	0.2	0.3	0.8	0.5
Materials Processing Equipment
Segment Reporting Information [Line Items]
Net sales	245.5	194.7	735.4	533.6
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	245.5	194.7	735.4	533.6
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	173.4	116.8	503.5	355.7
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	173.1	116.4	501.7	354.6
Specialty Equipment | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	0.3	0.4	1.8	1.1
Other
Segment Reporting Information [Line Items]
Net sales	161	132.7	438.1	452.7
Other | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	158.8	123.9	425.5	423.4
Other | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	0.1	0.2	0.6	2.3
Other | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 2.1	$ 8.6	$ 12	$ 27

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
(Provision for) benefit from income taxes	$ (13.9)	$ 1.1	$ (36)	$ 4.9
Income (loss) from continuing operations before income taxes	$ 61.4	$ 20.9	$ 195.5	$ (10.8)
Effective income tax rate, continuing operations	22.60%	(5.30%)	18.40%	45.40%

ACQUISITIONS AND DISCONTINUED_3

ACQUISITIONS AND DISCONTINUED OPERATIONS- Additional Information (Details) - USD ($) $ in Millions	Jul. 06, 2021	May 25, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition [Line Items]
Consideration transferred for acquisition of assets		$ 17
Income (loss) from discontinued operations – net of tax			$ 0	$ (0.1)	$ 0	$ (1.3)
Murray Design & Engineering, Ltd.
Business Acquisition [Line Items]
Consideration transferred for business acquisition	$ 19

ACQUISITIONS AND DISCONTINUED_4

ACQUISITIONS AND DISCONTINUED OPERATIONS - Income (Loss) from discontinued operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposition of discontinued operations – net of tax	$ 0.6	$ (16.1)	$ 2.6	$ (21.1)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposition of discontinued operations	0.8		2.6
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	(0.2)		0
Gain (loss) on disposition of discontinued operations – net of tax	0.6		2.6
Demag-Mobile Cranes Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposition of discontinued operations	0.8	(20.5)	1.4	(27.7)
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	(0.2)	4.4	(0.4)	6.6
Gain (loss) on disposition of discontinued operations – net of tax	0.6	$ (16.1)	1	$ (21.1)
Materials Handling and Port Solutions Sale | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposition of discontinued operations	0		1.2
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	0		0.4
Gain (loss) on disposition of discontinued operations – net of tax	$ 0		$ 1.6

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings per share
Income (loss) from continuing operations	$ 47.5	$ 22	$ 159.5	$ (5.9)
Income (loss) from discontinued operations – net of tax	0	(0.1)	0	(1.3)
Gain (loss) on disposition of discontinued operations – net of tax	0.6	(16.1)	2.6	(21.1)
Net income (loss)	$ 48.1	$ 5.8	$ 162.1	$ (28.3)
Basic shares:
Weighted average shares outstanding - basic (in shares)	69.8	69.3	69.7	69.7
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$ 0.68	$ 0.31	$ 2.29	$ (0.09)
Income (loss) from discontinued operations – net of tax	0	0	0	(0.02)
Gain (loss) on disposition of discontinued operations – net of tax	0.01	(0.23)	0.04	(0.30)
Net income (loss)	$ 0.69	$ 0.08	$ 2.33	$ (0.41)
Diluted shares:
Weighted average shares outstanding - basic (in shares)	69.8	69.3	69.7	69.7
Effect of dilutive securities:
Stock options and restricted stock awards (in shares)	1.1	0.2	1.1	0
Diluted weighted average shares outstanding (in shares)	70.9	69.5	70.8	69.7
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$ 0.67	$ 0.31	$ 2.25	$ (0.09)
Income (loss) from discontinued operations – net of tax	0	0	0	(0.02)
Gain (loss) on disposition of discontinued operations – net of tax	0.01	(0.23)	0.04	(0.30)
Net income (loss)	$ 0.68	$ 0.08	$ 2.29	$ (0.41)
Restricted Stock
Earnings (loss) per share – diluted:
Antidilutive securities excluded from computation of earnings per share (in shares)	0.1	0.9	0.1	2

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished equipment	$ 256.9	$ 195.8
Replacement parts	155.6	157
Work-in-process	94.3	57.2
Raw materials and supplies	240.9	200.4
Inventories	747.7	610.4
Inventory reserves	$ 57.2	$ 61.8

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Property, plant and equipment.
Gross property, plant and equipment	$ 791	$ 764.9
Less: Accumulated depreciation	(378.4)	(358.3)
Net property, plant and equipment	412.6	406.6
Property
Property, plant and equipment.
Gross property, plant and equipment	53	43.6
Plant
Property, plant and equipment.
Gross property, plant and equipment	281	250.1
Equipment
Property, plant and equipment.
Gross property, plant and equipment	396.7	390.2
Leasehold Improvements
Property, plant and equipment.
Gross property, plant and equipment	49.6	49.9
Construction in Progress
Property, plant and equipment.
Gross property, plant and equipment	$ 10.7	$ 31.1

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	$ 337.2
Accumulated impairment	(61.8)
Balance at the beginning of the period, goodwill net	275.4
Foreign exchange effect and other	(3)
Balance at the end of the period, goodwill gross	341.5
Accumulated impairment	(61.8)
Balance at the end of the period, goodwill net	279.7
Aquired goodwill recognized during the period	7.3
AWP
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	140.6
Accumulated impairment	(38.6)
Balance at the beginning of the period, goodwill net	102
Foreign exchange effect and other	(0.8)
Balance at the end of the period, goodwill gross	139.8
Accumulated impairment	(38.6)
Balance at the end of the period, goodwill net	101.2
Aquired goodwill recognized during the period	0
MP
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	196.6
Accumulated impairment	(23.2)
Balance at the beginning of the period, goodwill net	173.4
Foreign exchange effect and other	(2.2)
Balance at the end of the period, goodwill gross	201.7
Accumulated impairment	(23.2)
Balance at the end of the period, goodwill net	178.5
Aquired goodwill recognized during the period	$ 7.3

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jul. 06, 2021	Dec. 31, 2020
Definite-lived intangible assets:
Gross Carrying Amount	$ 72.7		$ 72.7			$ 66.1
Accumulated Amortization	(58.6)		(58.6)			(57.8)
Net Carrying Amount	14.1		14.1			8.3
Aggregate Amortization Expense	0.7	$ 0.4	1.6	$ 1.3
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2021	2.2		2.2
2022	2.3		2.3
2023	1.7		1.7
2024	1.5		1.5
2025	1.4		$ 1.4
Technology
Definite-lived intangible assets:
Weighted Average Life (in years)			8 years
Gross Carrying Amount	10		$ 10			10.1
Accumulated Amortization	(9.8)		(9.8)			(9.6)
Net Carrying Amount	0.2		$ 0.2			0.5
Customer Relationships
Definite-lived intangible assets:
Weighted Average Life (in years)			19 years
Gross Carrying Amount	32.1		$ 32.1			26.1
Accumulated Amortization	(25)		(25)			(24.1)
Net Carrying Amount	7.1		$ 7.1			2
Customer Relationships | Murray Design & Engineering, Ltd.
Definite-lived intangible assets:
Weighted Average Life (in years)			7 years
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Intangible assets aquired					$ 6.3
Land Use Rights
Definite-lived intangible assets:
Weighted Average Life (in years)			80 years
Gross Carrying Amount	4.3		$ 4.3			4.4
Accumulated Amortization	(0.8)		(0.8)			(0.7)
Net Carrying Amount	3.5		$ 3.5			3.7
Other
Definite-lived intangible assets:
Weighted Average Life (in years)			8 years
Gross Carrying Amount	26.3		$ 26.3			25.5
Accumulated Amortization	(23)		(23)			(23.4)
Net Carrying Amount	$ 3.3		$ 3.3			$ 2.1
Trademarks | Murray Design & Engineering, Ltd.
Definite-lived intangible assets:
Weighted Average Life (in years)			10 years
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Intangible assets aquired					$ 1.3

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	$ 12.3
Derivatives designated as hedges | Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	0	$ 7.8
Derivatives designated as hedges | Cross currency swaps | Net Investment Hedging
Derivative [Line Items]
Derivative, notional amount	92.6	97.7
Derivatives designated as hedges | Commodity swaps
Derivative [Line Items]
Derivative, notional amount	18.6	26
Derivatives designated as hedges | Interest Rate Cap
Derivative [Line Items]
Derivative, notional amount	300	300
Derivatives not designated as hedges | Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	$ 38	$ 54.2

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Balance Sheet Table (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Derivatives designated as hedges
Derivative [Line Items]
Net derivative asset (liability)	$ 2.6	$ (6.5)
Derivatives designated as hedges | Other current assets | Commodity swaps
Derivative [Line Items]
Derivative assets	7.9	7.2
Derivatives designated as hedges | Other Noncurrent Assets | Commodity swaps
Derivative [Line Items]
Derivative assets	0	0.3
Derivatives designated as hedges | Other Noncurrent Assets | Interest Rate Cap
Derivative [Line Items]
Derivative assets	0.8	0
Derivatives designated as hedges | Other current liabilities | Commodity swaps
Derivative [Line Items]
Derivatives liabilities	(0.3)	0
Derivatives designated as hedges | Other current liabilities | Interest Rate Cap
Derivative [Line Items]
Derivatives liabilities	(1.2)	(1.2)
Derivatives designated as hedges | Other current liabilities | Foreign exchange contracts
Derivative [Line Items]
Derivatives liabilities	0	0
Derivatives designated as hedges | Other current liabilities | Cross currency swaps | Net Investment Hedging
Derivative [Line Items]
Derivatives liabilities	(0.6)	(2)
Derivatives designated as hedges | Other non-current liabilities | Interest Rate Cap
Derivative [Line Items]
Derivatives liabilities	0	(2.6)
Derivatives designated as hedges | Other non-current liabilities | Cross currency swaps | Net Investment Hedging
Derivative [Line Items]
Derivatives liabilities	(4)	(8.2)
Derivatives not designated as hedges
Derivative [Line Items]
Net derivative asset (liability)	(0.3)	0
Derivatives not designated as hedges | Other current assets | Commodity swaps
Derivative [Line Items]
Derivative assets	0	0
Derivatives not designated as hedges | Other Noncurrent Assets | Commodity swaps
Derivative [Line Items]
Derivative assets	0	0
Derivatives not designated as hedges | Other Noncurrent Assets | Interest Rate Cap
Derivative [Line Items]
Derivative assets	0	0
Derivatives not designated as hedges | Other current liabilities | Commodity swaps
Derivative [Line Items]
Derivatives liabilities	0	0
Derivatives not designated as hedges | Other current liabilities | Interest Rate Cap
Derivative [Line Items]
Derivatives liabilities	0	0
Derivatives not designated as hedges | Other current liabilities | Foreign exchange contracts
Derivative [Line Items]
Derivatives liabilities	(0.3)	0
Derivatives not designated as hedges | Other current liabilities | Cross currency swaps | Net Investment Hedging
Derivative [Line Items]
Derivatives liabilities	0	0
Derivatives not designated as hedges | Other non-current liabilities | Interest Rate Cap
Derivative [Line Items]
Derivatives liabilities	0	0
Derivatives not designated as hedges | Other non-current liabilities | Cross currency swaps | Net Investment Hedging
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 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Cash Flow Hedging
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	$ (3.9)	$ (2.8)	$ 15.8	$ (9.1)
Gain (Loss) Reclassified from AOCI into Income (Loss)	6.6	(0.1)	7.5	(4.1)
Cash Flow Hedging | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	6.9	0.2	8.4	(4)
Cash Flow Hedging | Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	(0.1)	(0.1)	(0.4)	0.2
Cash Flow Hedging | Foreign exchange contracts
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	0	0.2	0	(0.5)
Cash Flow Hedging | Foreign exchange contracts | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0.3	0.1	(2.1)
Cash Flow Hedging | Foreign exchange contracts | Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0	0	0
Cash Flow Hedging | Commodity swaps
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	(5.8)	1.1	9.1	0.3
Cash Flow Hedging | Commodity swaps | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	6.9	(0.1)	8.3	(1.9)
Cash Flow Hedging | Commodity swaps | Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0	0	0
Cash Flow Hedging | Interest Rate Cap
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	0.1	(0.5)	2.7	(3.1)
Cash Flow Hedging | Interest Rate Cap | Cost of goods sold
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0	0	0
Cash Flow Hedging | Interest Rate Cap | Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	(0.3)	(0.3)	(0.9)	(0.1)
Net Investment Hedging | Cross currency swaps
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	1.8	(3.6)	4	(5.8)
Net Investment Hedging | Cross currency swaps | Selling, General and Administrative Expenses
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Loss)	$ 0	$ 0	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Effect of derivative instruments on income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement Accounts in which effects of cash flow hedges are recorded
Cost of goods sold	$ (815.3)	$ (619.3)	$ (2,311.2)	$ (1,899.6)
Interest expense	(12.3)	(15.8)	(40.6)	(50)
Cash Flow Hedging | Derivatives designated as hedges
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	6.6	(0.1)	7.5	(4.1)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	6.6	(0.1)	7.5	(4.1)
Cash Flow Hedging | Derivatives designated as hedges | Cost of goods sold
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	6.9	0.2	8.4	(4)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	6.9	0.2	8.4	(4)
Cash Flow Hedging | Derivatives designated as hedges | Interest Expense
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	(0.1)	(0.1)	(0.4)	0.2
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	(0.1)	(0.1)	(0.4)	0.2
Cash Flow Hedging | Foreign exchange contracts | Derivatives designated as hedges | Cost of goods sold
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0.3	0.1	(2.1)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	0	0.3	0.1	(2.1)
Cash Flow Hedging | Foreign exchange contracts | Derivatives designated as hedges | Interest Expense
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0	0	0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	0	0	0	0
Cash Flow Hedging | Commodity swaps | Derivatives designated as hedges | Cost of goods sold
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	6.9	(0.1)	8.3	(1.9)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	6.9	(0.1)	8.3	(1.9)
Cash Flow Hedging | Commodity swaps | Derivatives designated as hedges | Interest Expense
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0	0	0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	0	0	0	0
Cash Flow Hedging | Interest Rate Cap | Derivatives designated as hedges | Cost of goods sold
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	0	0	0	0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	0	0	0	0
Cash Flow Hedging | Interest Rate Cap | Derivatives designated as hedges | Interest Expense
Income Statement Accounts in which effects of cash flow hedges are recorded
Gain (Loss) Reclassified from AOCI into Income (Loss)	(0.3)	(0.3)	(0.9)	(0.1)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Total	(0.3)	(0.3)	(0.9)	(0.1)
Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Income Statement Accounts in which effects of cash flow hedges are recorded
Cost of goods sold	(815.3)	(619.3)	(2,311.2)	(1,899.6)
Interest expense	(12.3)	(15.8)	(40.6)	(50)
Net Investment Hedging | Cross currency swaps | Derivatives designated as hedges | Cost of goods sold
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Cross currency swaps - net investment hedge	0	0	0	0
Net Investment Hedging | Cross currency swaps | Derivatives designated as hedges | Interest Expense
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach:
Cross currency swaps - net investment hedge	$ 0.2	$ 0.2	$ 0.5	$ 0.3

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS -Effect of derivative instruments not designated as hedges on income (Details) - Derivatives not designated as hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (0.7)	$ (0.4)	$ (0.9)	$ (0.4)
Foreign exchange contracts | Cost of goods sold
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(0.6)	0.1	(0.6)	(0.2)
Foreign exchange contracts | Other income (expense) – net
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(0.1)	(0.4)	(0.3)	(0.2)
Debt conversion feature | Other income (expense) – net
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ (0.1)	$ 0	$ 0

LONG-TERM OBLIGATIONS - Credit

LONG-TERM OBLIGATIONS - Credit Agreement (Details)

Oct. 18, 2021USD ($)

May 21, 2021USD ($)

Apr. 01, 2021

Mar. 07, 2019USD ($)

Feb. 28, 2018

Dec. 31, 2021USD ($)

Sep. 30, 2021USD ($)

Jun. 30, 2021USD ($)

Mar. 31, 2021USD ($)

Sep. 30, 2020USD ($)

Sep. 30, 2021USD ($)

Sep. 30, 2020USD ($)

Feb. 15, 2021USD ($)

Dec. 31, 2020USD ($)

Jan. 31, 2017USD ($)

Debt Instrument [Line Items]

Loss on early extinguishment of debt

$ 0

$ 0

$ (27,700,000)

$ 0

Credit Agreement

Debt Instrument [Line Items]

Percentage of capital stock of foreign subsidiary pledged as collateral for borrowings (as a percent)

65.00%

Letter of Credit | Credit Agreement

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

400,000,000

400,000,000

Senior secured term loans | Secured Debt | Original Term Loan

Debt Instrument [Line Items]

Face amount of debt

$ 400,000,000

Loss on early extinguishment of debt

$ (700,000)

Prepaid debt, prior to maturity date

$ 83,000,000

Senior secured term loans | Secured Debt | Original Term Loan | Subsequent Event

Debt Instrument [Line Items]

Loss on early extinguishment of debt

$ (1,000,000)

Prepaid debt, prior to maturity date

$ 150,000,000

Senior secured term loans | Secured Debt | 2019 Term Loan

Debt Instrument [Line Items]

Face amount of debt

$ 200,000,000

Loss on early extinguishment of debt

$ (2,100,000)

Senior secured term loans | Secured Debt | Credit Agreement

Debt Instrument [Line Items]

Face amount of debt

$ 600,000,000

Line of Credit | Credit Agreement

Debt Instrument [Line Items]

Incremental borrowing capacity

$ 300,000,000

Line of Credit | Revolving Credit Facility | Amendment And Restatement Agreement

Debt Instrument [Line Items]

Loss on early extinguishment of debt

$ (2,400,000)

Increase (decrease) in interest rate

(0.025%)

Line of Credit | Revolving Credit Facility | Credit Agreement

Debt Instrument [Line Items]

Available borrowing capacity

600,000,000

$ 600,000,000

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

Line of credit

0

$ 0

$ 0

Line of Credit | Letter of Credit | Additional Credit Agreement

Debt Instrument [Line Items]

Letters of credit maximum available under additional facilities

$ 300,000,000

Line of Credit | Secured Debt | Original Term Loan

Debt Instrument [Line Items]

Long-term debt

298,400,000

298,400,000

Line of Credit | Secured Debt | Credit Agreement

Debt Instrument [Line Items]

Long-term debt

$ 298,400,000

$ 298,400,000

$ 579,900,000

Debt, weighted average interest rate

2.75%

2.75%

3.00%

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%

Line of Credit | LIBOR | Secured Debt | Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

2.00%

Floor interest rate

0.75%

LONG-TERM OBLIGATIONS - Schedul

LONG-TERM OBLIGATIONS - Schedule of Letters of Credit Outstanding (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 110.4	$ 82.5
$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	65.3	35.3
Bilateral Arrangements
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 45.1	$ 47.2

LONG-TERM OBLIGATIONS - 5-5_8%

LONG-TERM OBLIGATIONS - 5-5/8% Senior Notes (Details) - USD ($)	Apr. 05, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jan. 31, 2017
Debt Instrument [Line Items]
Loss on early extinguishment of debt		$ 0	$ 0	$ (27,700,000)	$ 0
Senior Notes | 5-5/8% Notes
Debt Instrument [Line Items]
Face amount of debt						$ 600,000,000
Repayments of Senior Debt	$ 622,900,000
Redemption Premium	16,900,000
Debt Instrument, Increase, Accrued Interest	6,000,000
Loss on early extinguishment of debt	$ 22,500,000
Interest rate (as a percent)						5.625%

LONG-TERM OBLIGATIONS - 5% Seni

LONG-TERM OBLIGATIONS - 5% Senior Notes (Details) - 5% Notes - Senior Notes	Apr. 01, 2021USD ($)
Debt Disclosure [Abstract]
Face amount of debt	$ 600,000,000
Debt Instrument [Line Items]
Face amount of debt	$ 600,000,000
Interest rate (as a percent)	5.00%

LONG-TERM OBLIGATIONS - Fair Va

LONG-TERM OBLIGATIONS - Fair Value of Debt (Details) - Secured Debt $ in Millions	Sep. 30, 2021USD ($)$ / shares
Line of Credit | Original Term Loan
Debt Instrument [Line Items]
Book Value	$ 298.4
Line of Credit | Original Term Loan | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Fair Value	297.5
Medium-term Notes | 5% Notes
Debt Instrument [Line Items]
Book Value	600
Medium-term Notes | 5% Notes | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Fair Value	$ 623.3
Measurement Input, Quoted Price | Line of Credit | Original Term Loan
Debt Instrument [Line Items]
Quotes | $ / shares	0.99700
Measurement Input, Quoted Price | Medium-term Notes | 5% Notes
Debt Instrument [Line Items]
Quotes | $ / shares	1.03875

RETIREMENT PLANS AND OTHER BE_3

RETIREMENT PLANS AND OTHER BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other Plans
Components of net periodic cost:
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	0.1	0	0.1	0.1
Expected return on plan assets	0	0	0	0
Amortization of actuarial (gain) loss	0	0	0	0
Net periodic cost	0.1	0	0.1	0.1
U.S. Plan | Pension Plan
Components of net periodic cost:
Service cost	0	0	0	0
Interest cost	0.2	0.3	0.8	1
Expected return on plan assets	0	0	0	0
Amortization of actuarial (gain) loss	0	0.1	0.2	0.1
Net periodic cost	0.2	0.4	1	1.1
Non-U.S. Plan | Pension Plan
Components of net periodic cost:
Service cost	0.2	0.4	0.7	1
Interest cost	0.6	0.7	1.8	2
Expected return on plan assets	(1.3)	(1.3)	(4.2)	(3.9)
Amortization of actuarial (gain) loss	0.6	0.3	1.8	1.3
Net periodic cost	$ 0.1	$ 0.1	$ 0.1	$ 0.4

LITIGATION AND CONTINGENCIES (D

LITIGATION AND CONTINGENCIES (Details) R$ in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2021BRL (R$)	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Loss Contingencies and Guarantee Obligations
Estimated ICMS and related interest	R$ 103	$ 19
Guarantee terms maximum	five years
Allowance for credit losses on guarantees		10.2	$ 8.3
Credit Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure		$ 163.3	$ 143.8

STOCKHOLDERS' EQUITY - Accumula

STOCKHOLDERS' EQUITY - Accumulated Other Comprehensive Income (Loss) Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (200)	$ (294.8)	$ (208.4)	$ (257.5)
Other comprehensive income (loss) before reclassifications	(24.7)	40.6	(16.6)	(1)
Amounts reclassified from AOCI	(4.6)	0.3	(4.3)	4.6
Net other comprehensive income (loss)	(29.3)	40.9	(20.9)	3.6
Ending balance	(229.3)	(253.9)	(229.3)	(253.9)
CTA
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(156.6)	(243.5)	(145.2)	(208.2)
Other comprehensive income (loss) before reclassifications	(27.1)	45	(38.5)	9.7
Amounts reclassified from AOCI	0	0	0	0
Net other comprehensive income (loss)	(27.1)	45	(38.5)	9.7
Ending balance	(183.7)	(198.5)	(183.7)	(198.5)
Derivative Hedging Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	13.7	(7.1)	(6)	(0.8)
Other comprehensive income (loss) before reclassifications	1.1	(2.7)	21.6	(12.5)
Amounts reclassified from AOCI	(5)	(0.1)	(5.8)	3.4
Net other comprehensive income (loss)	(3.9)	(2.8)	15.8	(9.1)
Ending balance	9.8	(9.9)	9.8	(9.9)
Debt & Equity Securities Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	0.6	3.6	1.2	2.6
Other comprehensive income (loss) before reclassifications	(0.2)	0.3	(0.8)	1.3
Amounts reclassified from AOCI	0	0	0	0
Net other comprehensive income (loss)	(0.2)	0.3	(0.8)	1.3
Ending balance	0.4	3.9	0.4	3.9
Pension Liability Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(57.7)	(47.8)	(58.4)	(51.1)
Other comprehensive income (loss) before reclassifications	1.5	(2)	1.1	0.5
Amounts reclassified from AOCI	0.4	0.4	1.5	1.2
Net other comprehensive income (loss)	1.9	(1.6)	2.6	1.7
Ending balance	$ (55.8)	$ (49.4)	$ (55.8)	$ (49.4)

STOCKHOLDERS' EQUITY - Stock-Ba

STOCKHOLDERS' EQUITY - Stock-Based Compensation (Details) - $ / shares shares in Millions	Mar. 04, 2021	Sep. 30, 2021
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		0.6
Granted (in dollars per shares)		$ 44.56
Restricted Stock, Time-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards		58.00%
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		14.00%
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)	1.12%
Expected volatility (as a percent)	53.03%
Risk-free interest rate (as a percent)	0.29%
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)	$ 54.92

STOCKHOLDERS' EQUITY - Share Re

STOCKHOLDERS' EQUITY - Share Repurchases and Dividends (Details) - USD ($)	Dec. 17, 2021	Oct. 29, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Jul. 12, 2018
Subsequent Event [Line Items]
Stock repurchase program, authorized amount											$ 300,000,000
Payments for Repurchase of Common Stock									$ 1,700,000	$ 55,900,000
Treasury stock acquired (in shares)										2,500,000
Treasury stock acquired, cost method			$ 200,000	$ 1,400,000	$ 300,000	$ 100,000	$ 1,000,000	$ 54,900,000
Stock repurchased during period, shares									0
Dividends declared (in dollars per share)			$ 0.12	$ 0.12	$ 0.12
Dividends paid (in dollars per share)			$ 0.12	$ 0.12	$ 0.12
Forecast
Subsequent Event [Line Items]
Dividends paid (in dollars per share)	$ 0.12
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share)		$ 0.12
Share Repurchase Program Approved By Board of Directors
Subsequent Event [Line Items]
Treasury stock acquired, cost method										$ 54,600,000