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GOODWILL AND INTANGIBLE ASSETS, NET | 9 Months Ended
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Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL | GOODWILL AND INTANGIBLE ASSETS, NET An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
| AWP |  | Cranes |  | MP |  | Total
Balance at December 31, 2016, gross | $ | 137.7 |  |  | $ | 179.3 |  |  | $ | 183.8 |  |  | $ | 500.8 |
Accumulated impairment | (38.6 | ) |  | (179.3 | ) |  | (23.2 | ) |  | (241.1 | )
Balance at December 31, 2016, net | 99.1 |  |  | — |  |  | 160.6 |  |  | 259.7 |
Foreign exchange effect and other | 2.2 |  |  | — |  |  | 10.3 |  |  | 12.5 |
Balance at September 30, 2017, gross | 139.9 |  |  | 179.3 |  |  | 194.1 |  |  | 513.3 |
Accumulated impairment | (38.6 | ) |  | (179.3 | ) |  | (23.2 | ) |  | (241.1 | )
Balance at September 30, 2017, net | $ | 101.3 |  |  | $ | — |  |  | $ | 170.9 |  |  | $ | 272.2 |
Intangible assets, net were comprised of the following as of September 30, 2017 and December 31, 2016 (in millions):
|  |  | September 30, 2017 |  | December 31, 2016
| Weighted Average Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | 7 |  | $ | 18.6 |  |  | $ | (17.5 | ) |  | $ | 1.1 |  |  | $ | 17.0 |  |  | $ | (15.7 | ) |  | $ | 1.3 |
Customer Relationships | 20 |  | 33.0 |  |  | (26.0 | ) |  | 7.0 |  |  | 33.1 |  |  | (25.2 | ) |  | 7.9 |
Land Use Rights | 82 |  | 4.7 |  |  | (0.6 | ) |  | 4.1 |  |  | 7.9 |  |  | (0.9 | ) |  | 7.0 |
Other | 8 |  | 26.5 |  |  | (24.5 | ) |  | 2.0 |  |  | 25.8 |  |  | (23.6 | ) |  | 2.2 |
Total definite-lived intangible assets |  |  | $ | 82.8 |  |  | $ | (68.6 | ) |  | $ | 14.2 |  |  | $ | 83.8 |  |  | $ | (65.4 | ) |  | $ | 18.4 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2017 |  | 2016 |  | 2017 |  | 2016
Aggregate Amortization Expense | $ | 0.5 |  |  | $ | 0.7 |  |  | $ | 1.5 |  |  | $ | 2.1 |
Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years below is:
2017 | $ | 2.0 |
2018 | $ | 1.8 |
2019 | $ | 1.7 |
2020 | $ | 1.7 |
2021 | $ | 1.6 |

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