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BUSINESS SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
BUSINESS SEGMENT INFORMATION | BUSINESS SEGMENT INFORMATION Terex is a global manufacturer of aerial work platforms, cranes 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 operates in three reportable segments: (i) Aerial Work Platforms (“AWP”); (ii) Cranes; and (iii) Materials Processing (“MP”). The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers, as well as their related components and replacement parts. Customers use these products to construct and maintain industrial, commercial and residential buildings and facilities and for other commercial operations, as well as in a wide range of infrastructure projects. The Cranes segment designs, manufactures, services, refurbishes and markets a wide variety of cranes, including mobile telescopic cranes, lattice boom crawler cranes, tower cranes, and utility equipment, as well as their related components and replacement parts. Customers use these products primarily for construction, repair and maintenance of commercial buildings, manufacturing facilities, construction and maintenance of utility and telecommunication lines, tree trimming and certain construction and foundation drilling applications and a wide range of infrastructure projects. The MP segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, 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, and in building roads and bridges. The Company assists customers in their rental, leasing and acquisition of its products through Terex Financial Services (“TFS”). TFS uses its equipment financing experience to provide financing solutions to customers who purchase the Company’s equipment. TFS is included in the Corporate and Other category. Business segment information is presented below (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Net Sales |  |  |  |  |  |  |
AWP | $ | 634.2 |  |  | $ | 556.7 |  |  | $ | 2,024.2 |  |  | $ | 1,622.1 |
Cranes | 301.2 |  |  | 301.9 |  |  | 950.5 |  |  | 869.6 |
MP | 295.2 |  |  | 259.9 |  |  | 917.2 |  |  | 789.5 |
Corporate and Other / Eliminations | (2.1 | ) |  | (7.3 | ) |  | — |  |  | 18.6 |
Total | $ | 1,228.5 |  |  | $ | 1,111.2 |  |  | $ | 3,891.9 |  |  | $ | 3,299.8 |
Income (loss) from Operations |  |  |  |  |  |  |  |
AWP | $ | 72.8 |  |  | $ | 57.5 |  |  | $ | 234.6 |  |  | $ | 140.0 |
Cranes | (14.1 | ) |  | (0.3 | ) |  | (36.1 | ) |  | (16.8 | )
MP | 38.5 |  |  | 28.4 |  |  | 119.8 |  |  | 89.5 |
Corporate and Other / Eliminations | (25.3 | ) |  | (19.7 | ) |  | (71.7 | ) |  | (73.8 | )
Total | $ | 71.9 |  |  | $ | 65.9 |  |  | $ | 246.6 |  |  | $ | 138.9 |
| September 30, 2018 |  | December 31, 2017
Identifiable Assets |  |  |
AWP | $ | 1,571.5 |  |  | $ | 1,358.5 |
Cranes | 1,592.6 |  |  | 1,685.7 |
MP | 1,254.2 |  |  | 1,219.5 |
Corporate and Other / Eliminations (1) | (1,078.9 | ) |  | (801.2 | )
Total | $ | 3,339.4 |  |  | $ | 3,462.5 |
(1) Decrease due to lower cash balances, primarily related to share repurchases during the first nine months of 2018.
| Three Months Ended September 30, 2018
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Product Type |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | 512.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.4 |  |  | $ | 512.5 |
Mobile Cranes | — |  |  | 165.5 |  |  | — |  |  | 2.2 |  |  | 167.7 |
Materials Processing Equipment | — |  |  | — |  |  | 210.6 |  |  | 0.5 |  |  | 211.1 |
Other (1) | 122.1 |  |  | 135.7 |  |  | 84.6 |  |  | (5.2 | ) |  | 337.2 |
Total | $ | 634.2 |  |  | $ | 301.2 |  |  | $ | 295.2 |  |  | $ | (2.1 | ) |  | $ | 1,228.5 |
(1) Includes other product types, intercompany sales and eliminations.
| Nine Months Ended September 30, 2018
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Product Type |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | 1,707.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.2 |  |  | $ | 1,708.3 |
Mobile Cranes | — |  |  | 532.5 |  |  | — |  |  | 3.7 |  |  | 536.2 |
Materials Processing Equipment | — |  |  | — |  |  | 632.8 |  |  | 1.3 |  |  | 634.1 |
Other (1) | 317.1 |  |  | 418.0 |  |  | 284.4 |  |  | (6.2 | ) |  | 1,013.3 |
Total | $ | 2,024.2 |  |  | $ | 950.5 |  |  | $ | 917.2 |  |  | $ | — |  |  | $ | 3,891.9 |
(1) Includes other product types, intercompany sales and eliminations.
| Three Months Ended September 30, 2017
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Product Type |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | 458.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | 459.0 |
Mobile Cranes | — |  |  | 173.7 |  |  | — |  |  | 0.7 |  |  | 174.4 |
Materials Processing Equipment | — |  |  | — |  |  | 174.5 |  |  | (0.4 | ) |  | 174.1 |
Other (1) | 98.5 |  |  | 128.2 |  |  | 85.4 |  |  | (8.4 | ) |  | 303.7 |
Total | $ | 556.7 |  |  | $ | 301.9 |  |  | $ | 259.9 |  |  | $ | (7.3 | ) |  | $ | 1,111.2 |
(1) Includes other product types, intercompany sales and eliminations.
| Nine Months Ended September 30, 2017
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Product Type |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | 1,356.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.9 |  |  | $ | 1,358.3 |
Mobile Cranes | — |  |  | 491.8 |  |  | — |  |  | 1.5 |  |  | 493.3 |
Materials Processing Equipment | 0.6 |  |  | — |  |  | 527.9 |  |  | 0.1 |  |  | 528.6 |
Other (1) | 265.1 |  |  | 377.8 |  |  | 261.6 |  |  | (18.1 | ) |  | 886.4 |
Compact Construction Equipment (2) | — |  |  | — |  |  | — |  |  | 33.2 |  |  | 33.2 |
Total | $ | 1,622.1 |  |  | $ | 869.6 |  |  | $ | 789.5 |  |  | $ | 18.6 |  |  | $ | 3,299.8 |
(1) Includes other product types, intercompany sales and eliminations. (2) Remaining Compact Construction product lines divested in 2017.
| Three Months Ended September 30, 2018
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Region |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 415.8 |  |  | $ | 150.6 |  |  | $ | 116.4 |  |  | $ | 15.3 |  |  | $ | 698.1 |
Western Europe | 98.3 |  |  | 69.9 |  |  | 97.8 |  |  | 0.1 |  |  | 266.1 |
Asia-Pacific | 74.9 |  |  | 42.5 |  |  | 48.3 |  |  | 0.3 |  |  | 166.0 |
Rest of World (1) | 45.2 |  |  | 38.2 |  |  | 32.7 |  |  | (17.8 | ) |  | 98.3 |
Total | $ | 634.2 |  |  | $ | 301.2 |  |  | $ | 295.2 |  |  | $ | (2.1 | ) |  | $ | 1,228.5 |
(1) Includes intercompany sales and eliminations.
| Nine Months Ended September 30, 2018
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Region |  |  |  |  |  |  |  |  |  |  |
North America | $ | 1,276.0 |  |  | $ | 441.4 |  |  | $ | 387.2 |  |  | $ | 54.6 |  |  | $ | 2,159.2 |
Western Europe | 447.9 |  |  | 201.3 |  |  | 276.6 |  |  | 0.5 |  |  | 926.3 |
Asia-Pacific | 189.9 |  |  | 120.1 |  |  | 149.2 |  |  | 1.2 |  |  | 460.4 |
Rest of World (1) | 110.4 |  |  | 187.7 |  |  | 104.2 |  |  | (56.3 | ) |  | 346.0 |
Total | $ | 2,024.2 |  |  | $ | 950.5 |  |  | $ | 917.2 |  |  | $ | — |  |  | $ | 3,891.9 |
(1) Includes intercompany sales and eliminations.
| Three Months Ended September 30, 2017
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Region |  |  |  |  |  |  |  |  |  |  |
North America | $ | 331.2 |  |  | $ | 126.6 |  |  | $ | 118.4 |  |  | $ | 26.1 |  |  | $ | 602.3 |
Western Europe | 105.7 |  |  | 77.1 |  |  | 68.9 |  |  | — |  |  | 251.7 |
Asia-Pacific | 69.8 |  |  | 36.9 |  |  | 43.9 |  |  | 0.4 |  |  | 151.0 |
Rest of World (1) | 50.0 |  |  | 61.3 |  |  | 28.7 |  |  | (33.8 | ) |  | 106.2 |
Total | $ | 556.7 |  |  | $ | 301.9 |  |  | $ | 259.9 |  |  | $ | (7.3 | ) |  | $ | 1,111.2 |
(1) Includes intercompany sales and eliminations.
| Nine Months Ended September 30, 2017
| AWP |  | Cranes |  | MP |  | Corporate and Other / Eliminations |  | Total
Net Sales by Region |  |  |  |  |  |  |  |  |  |  |
North America | $ | 974.4 |  |  | $ | 373.7 |  |  | $ | 386.2 |  |  | $ | 74.8 |  |  | $ | 1,809.1 |
Western Europe | 321.6 |  |  | 213.0 |  |  | 204.1 |  |  | 18.4 |  |  | 757.1 |
Asia-Pacific | 191.0 |  |  | 117.7 |  |  | 111.7 |  |  | 11.9 |  |  | 432.3 |
Rest of World (1) | 135.1 |  |  | 165.2 |  |  | 87.5 |  |  | (86.5 | ) |  | 301.3 |
Total | $ | 1,622.1 |  |  | $ | 869.6 |  |  | $ | 789.5 |  |  | $ | 18.6 |  |  | $ | 3,299.8 |
(1) Includes intercompany sales and eliminations.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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