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GOODWILL AND INTANGIBLE ASSETS, NET (Tables) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
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 (1) |  | Cranes (1) |  | MP |  | Total
Balance at December 31, 2014, gross | $ | 139.4 |  |  | $ | 198.8 |  |  | $ | 198.1 |  |  | $ | 536.3 |
Accumulated impairment | (38.6 | ) |  | (4.2 | ) |  | (23.2 | ) |  | (66.0 | )
Balance at December 31, 2014, net | 100.8 |  |  | 194.6 |  |  | 174.9 |  |  | 470.3 |
Acquisitions | — |  |  | — |  |  | 14.4 |  |  | 14.4 |
Foreign exchange effect and other | (1.7 | ) |  | (15.7 | ) |  | (8.2 | ) |  | (25.6 | )
Balance at December 31, 2015, gross | 137.7 |  |  | 183.1 |  |  | 204.3 |  |  | 525.1 |
Accumulated impairment | (38.6 | ) |  | (4.2 | ) |  | (23.2 | ) |  | (66.0 | )
Balance at December 31, 2015, net | 99.1 |  |  | 178.9 |  |  | 181.1 |  |  | 459.1 |
Acquisitions | 1.6 |  |  | — |  |  | — |  |  | 1.6 |
Foreign exchange effect and other | (1.6 | ) |  | (3.8 | ) |  | (20.5 | ) |  | (25.9 | )
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 (2) | $ | 99.1 |  |  | $ | — |  |  | $ | 160.6 |  |  | $ | 259.7 |
(1) Includes a $17.9 million reclassification of goodwill from Cranes to discontinued operations, and a $0.9 million reclassification of goodwill from Cranes to AWP as a result of segment realignments. See Note C - “Business Segment Information”. (2) During the second quarter of 2016 the Company wrote off $132.8 million of fully impaired goodwill associated with its former Construction segment. |  |
Schedule of intangible assets by class | Intangible assets, net were comprised of the following as of December 31, 2016 and 2015 (in millions):
|  |  | December 31, 2016 |  | December 31, 2015
| 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 |  | $ | 17.0 |  |  | $ | (15.7 | ) |  | $ | 1.3 |  |  | $ | 17.3 |  |  | $ | (15.7 | ) |  | $ | 1.6 |
Customer Relationships | 20 |  | 33.1 |  |  | (25.2 | ) |  | 7.9 |  |  | 34.8 |  |  | (24.9 | ) |  | 9.9 |
Land Use Rights | 68 |  | 7.9 |  |  | (0.9 | ) |  | 7.0 |  |  | 8.2 |  |  | (0.9 | ) |  | 7.3 |
Other | 6 |  | 25.8 |  |  | (23.6 | ) |  | 2.2 |  |  | 28.0 |  |  | (24.2 | ) |  | 3.8 |
Total definite-lived intangible assets |  |  | $ | 83.8 |  |  | $ | (65.4 | ) |  | $ | 18.4 |  |  | $ | 88.3 |  |  | $ | (65.7 | ) |  | $ | 22.6 |
Amortization of Intangible Assets | $ 2.9 | $ 3.0 | $ 11.5
Finite-lived Intangible Assets Amortization Expense |
| For the Year Ended December 31,
(in millions) | 2016 |  | 2015 |  | 2014
Aggregate Amortization Expense | $ | 2.9 |  |  | $ | 3.0 |  |  | $ | 11.5 |
Schedule of intangible assets amortization expense | Estimated aggregate intangible asset amortization expense (in millions) for the next five years is as follows:
2017 |  | $ | 2.1 |
2018 |  | $ | 1.9 |
2019 |  | $ | 1.8 |
2020 |  | $ | 1.8 |
2021 |  | $ | 1.7 |

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