XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.20.4

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Disclosure of Assets and Liabilities Held for Sale |
|  | December 31, 2020 |  |  |  |  |  |  |  | December 31, 2019
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5.1 |  |  |  |  |  |  |  |  | $ | 5.0 |  |  |
Trade receivables – net |  | 2.3 |  |  |  |  |  |  |  |  | 3.5 |  |  |
Inventories |  | 1.8 |  |  |  |  |  |  |  |  | 5.3 |  |  |
Prepaid and other current assets |  | 0.2 |  |  |  |  |  |  |  |  | 0.2 |  |  |
Impairment reserve |  | (3.7) |  |  |  |  |  |  |  |  | (4.8) |  |  |
Included in Prepaid and other current assets |  | $ | 5.7 |  |  |  |  |  |  |  |  | $ | 9.2 |  |  |
Property, plant and equipment – net |  | $ | 0.7 |  |  |  |  |  |  |  |  | $ | 0.6 |  |  |
Intangible assets – net |  | 1.8 |  |  |  |  |  |  |  |  | 2.4 |  |  |
Impairment reserve |  | (2.2) |  |  |  |  |  |  |  |  | (2.8) |  |  |
Other assets |  | 0.3 |  |  |  |  |  |  |  |  | 0.4 |  |  |
Included in Other assets |  | $ | 0.6 |  |  |  |  |  |  |  |  | $ | 0.6 |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Trade accounts payable |  | 0.7 |  |  |  |  |  |  |  |  | 4.6 |  |  |
Accruals and other current liabilities |  | 1.3 |  |  |  |  |  |  |  |  | 3.8 |  |  |
Included in Other current liabilities |  | $ | 2.0 |  |  |  |  |  |  |  |  | $ | 8.4 |  |  |
Other non-current liabilities |  | 0.7 |  |  |  |  |  |  |  |  | 1.2 |  |  |
Included in Other non-current liabilities |  | $ | 0.7 |  |  |  |  |  |  |  |  | $ | 1.2 |  |  |
Schedule of Cash Flow, Supplemental Disclosures | The following table provides amounts of cash and cash equivalents presented in the Consolidated Statement of Cash Flows (in millions):
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Cash and cash equivalents: |  |  |  |  |
Cash and cash equivalents - continuing operations | $ | 665.0 |  |  | $ | 535.1 |  |  | $ | 339.5 |
Cash and cash equivalents - held for sale | 5.1 |  |  | 5.0 |  |  | 32.6 |
Total cash and cash equivalents | $ | 670.1 |  |  | $ | 540.1 |  |  | $ | 372.1 |
The following table provides supplemental cash flow information related to discontinued operations (in millions):
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Non-cash operating items: |  |  |  |  |
Depreciation and amortization | $ | — |  |  | $ | 3.3 |  |  | $ | 14.4 |
Deferred taxes | $ | 0.1 |  |  | $ | (1.4) |  |  | $ | (0.2) |
Impairments | $ | 0.1 |  |  | $ | 82.1 |  |  | $ | 6.6 |
Investing activities: |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | (3.4) |  |  | $ | (12.8) |
Schedule of discontinued operations presented in the Consolidated Financial Statements | The following amounts related to discontinued operations 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,
| 2020 |  |  |  | 2019 |  |  | 2018 |
| Cranes |  |  |  | Cranes |  |  | Cranes |
Net sales | $ | 6.0 |  |  |  |  | $ | 327.2 |  |  |  | $ | 607.8 |  |
Cost of sales | (5.8) |  |  |  |  | (335.2) |  |  |  | (602.9) |  |
Selling, general and administrative expenses | (0.9) |  |  |  |  | (75.6) |  |  |  | (117.5) |  |
Impairment of mobile cranes disposal group | — |  |  |  |  | (82.1) |  |  |  | — |  |
Asset impairments | (0.1) |  |  |  |  | — |  |  |  | (6.6) |  |
Other income (expense) | — |  |  |  |  | (4.5) |  |  |  | (19.1) |  |
Income (loss) from discontinued operations before income taxes | (0.8) |  |  |  |  | (170.2) |  |  |  | (138.3) |  |
(Provision for) benefit from income taxes | 0.4 |  |  |  |  | 14.8 |  |  |  | 7.9 |  |
Income (loss) from discontinued operations – net of tax | $ | (0.4) |  |  |  |  | $ | (155.4) |  |  |  | $ | (130.4) |  |
Gain (Loss) on Disposition of Discontinued Operations - net of tax (in millions)
| Year Ended December 31, |
| 2020 |  | 2019 |  | 2018 |
| Cranes | MHPS |  |  | Total |  | Cranes | MHPS |  | Other | Total |  | MHPS | Atlas | Other | Total |
Gain (loss) on disposition of discontinued operations | $ | (27.7) |  | $ | (0.4) |  |  |  | $ | (28.1) |  |  | $ | (1.0) |  | $ | (4.6) |  |  | $ | — |  | $ | (5.6) |  |  | $ | (1.2) |  | $ | 3.2 |  | $ | — |  | $ | 2.0 |  |
(Provision for) benefit from income taxes | 8.8 |  | 0.1 |  |  |  | 8.9 |  |  | 2.2 |  | 3.4 |  |  | 0.1 |  | 5.7 |  |  | (1.9) |  | (0.5) |  | 2.8 |  | 0.4 |  |
Gain (loss) on disposition of discontinued operations – net of tax | $ | (18.9) |  | $ | (0.3) |  |  |  | $ | (19.2) |  |  | $ | 1.2 |  | $ | (1.2) |  |  | $ | 0.1 |  | $ | 0.1 |  |  | $ | (3.1) |  | $ | 2.7 |  | $ | 2.8 |  | $ | 2.4 |  |

X
- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
Name: | us-gaap_DisclosureOfLongLivedAssetsHeldForSaleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration