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DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE (Tables) | 12 Months Ended
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Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of discontinued operations presented in the Consolidated Financial Statements | The following amounts related to the discontinued operations of MHPS were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Consolidated Statement of Income (Loss) (in millions):
| Year ended December 31,
| 2016 |  | 2015
Net sales | $ | 1,398.2 |  |  | $ | 1,521.4 |
Cost of sales | (1,090.3 | ) |  | (1,184.1 | )
Selling, general and administrative expenses | (266.8 | ) |  | (271.1 | )
Goodwill and intangible asset impairments | (3.1 | ) |  | (34.7 | )
Net interest (expense) | (2.3 | ) |  | (1.4 | )
Other income (expense) | (11.5 | ) |  | 0.8 |
Income (loss) from discontinued operations before income taxes | 24.2 |  |  | 30.9 |
(Provision for) benefit from income taxes | (9.9 | ) |  | (13.5 | )
Income (loss) from discontinued operations – net of tax | 14.3 |  |  | 17.4 |
Net loss (income) attributable to noncontrolling interest | (0.9 | ) |  | (3.3 | )
Income (loss) from discontinued operations - net of tax attributable to Terex Corporation | $ | 13.4 |  |  | $ | 14.1 |
The following table provides the amounts of assets and liabilities held for sale in the Consolidated Balance Sheet (in millions):
| December 31, 2017 |  | December 31, 2016
| Cranes |  | MHPS | Cranes | Construction | Total
Assets |  |  |  |  |  |
Cash and cash equivalents | $ | 3.6 |  |  | $ | 71.0 |  | $ | 1.2 |  | $ | 1.2 |  | $ | 73.4 |
Trade receivables – net | 2.2 |  |  | 243.5 |  | 3.1 |  | 24.4 |  | 271.0 |
Inventories | 1.7 |  |  | 309.4 |  | 1.7 |  | 23.9 |  | 335.0 |
Prepaid and other current assets | 0.5 |  |  | 49.9 |  | 0.5 |  | 3.1 |  | 53.5 |
Impairment reserve | (4.4 | ) |  | — |  | — |  | — |  | — |
Current assets held for sale | $ | 3.6 |  |  | $ | 673.8 |  | $ | 6.5 |  | $ | 52.6 |  | $ | 732.9 |
Property, plant and equipment – net | $ | 0.4 |  |  | $ | 294.2 |  | $ | 0.8 |  | $ | 3.2 |  | $ | 298.2 |
Goodwill | — |  |  | 573.7 |  | — |  | — |  | 573.7 |
Intangible assets – net | 2.9 |  |  | 212.6 |  | 2.9 |  | — |  | 215.5 |
Impairment reserve | (3.3 | ) |  | — |  | (1.7 | ) | (3.5 | ) | (5.2 | )
Other assets | — |  |  | 86.4 |  | 1.1 |  | 1.6 |  | 89.1 |
Non-current assets held for sale | $ | — |  |  | $ | 1,166.9 |  | $ | 3.1 |  | $ | 1.3 |  | $ | 1,171.3 |
Liabilities |  |  |  |  |  |  |
Notes payable and current portion of long-term debt | $ | — |  |  | $ | 13.1 |  | $ | — |  | $ | 1.3 |  | $ | 14.4 |
Trade accounts payable | 0.5 |  |  | 132.6 |  | 0.7 |  | 23.8 |  | 157.1 |
Accruals and other current liabilities | 1.5 |  |  | 267.0 |  | 6.2 |  | 9.1 |  | 282.3 |
Current liabilities held for sale | $ | 2.0 |  |  | $ | 412.7 |  | $ | 6.9 |  | $ | 34.2 |  | $ | 453.8 |
Long-term debt, less current portion | $ | — |  |  | $ | 2.4 |  | $ | — |  | $ | — |  | $ | 2.4 |
Retirement plans | 0.7 |  |  | 235.3 |  | 0.7 |  | 0.9 |  | 236.9 |
Other non-current liabilities | 0.3 |  |  | 71.7 |  | 0.4 |  | 0.7 |  | 72.8 |
Non-current liabilities held for sale | $ | 1.0 |  |  | $ | 309.4 |  | $ | 1.1 |  | $ | 1.6 |  | $ | 312.1 |
The following table provides amounts of cash and cash equivalents presented in the Consolidated Statement of Cash Flows (in millions):
| December 31, 2017 |  | December 31, 2016 |  | December 31, 2015
Cash and cash equivalents: |  |  |  |  |
Cash and cash equivalents - continuing operations | $ | 626.5 |  |  | $ | 428.5 |  |  | $ | 371.2 |
Cash and cash equivalents - held for sale | 3.6 |  |  | 73.4 |  |  | 95.3 |
Total cash and cash equivalents: | $ | 630.1 |  |  | $ | 501.9 |  |  | $ | 466.5 |
The following table provides supplemental cash flow information related to discontinued operations (in millions):
| Year Ended December 31,
| 2016 |  | 2015
Non-cash operating items: |  |  |
Depreciation and amortization | $ | 22.4 |  |  | $ | 55.8 |
Deferred taxes | $ | 15.8 |  |  | $ | (2.2 | )
Goodwill Impairment | $ | — |  |  | $ | 11.3 |
Asset Impairments | $ | 3.0 |  |  | $ | 23.9 |
Investing activities: |  |  |
Capital expenditures | $ | (14.9 | ) |  | $ | (22.3 | )
Other
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
| MHPS | Atlas | Total |  | Atlas |  | Atlas
Gain (loss) on disposition of discontinued operations | $ | 89.9 |  | $ | 3.5 |  | $ | 93.4 |  |  | $ | 4.5 |  |  | $ | 4.5 |
(Provision for) benefit from income taxes | (24.2 | ) | (0.5 | ) | (24.7 | ) |  | (1.0 | ) |  | (1.1 | )
Gain (loss) on disposition of discontinued operations – net of tax | $ | 65.7 |  | $ | 3.0 |  | $ | 68.7 |  |  | $ | 3.5 |  |  | $ | 3.4 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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