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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2021

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						MP						Total
Balance at December 31, 2020, gross			$	140.6					$	196.6					$	337.2
Accumulated impairment			(38.6)						(23.2)						(61.8)
Balance at December 31, 2020, net			102.0						173.4						275.4
Foreign exchange effect and other			(0.5)						1.0						0.5
Balance at March 31, 2021, gross			140.1						197.6						337.7
Accumulated impairment			(38.6)						(23.2)						(61.8)
Balance at March 31, 2021, net			$	101.5					$	174.4					$	275.9

Schedule of intangible assets by class

Intangible assets, net were comprised of the following (in millions):

									March 31, 2021																		December 31, 2020
			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						$	9.8					$	(9.2)					$	0.6					$	10.1					$	(9.6)					$	0.5
Customer Relationships			22						26.0						(24.3)						1.7						26.1						(24.1)						2.0
Land Use Rights			80						4.4						(0.8)						3.6						4.4						(0.7)						3.7
Other			8						25.4						(23.4)						2.0						25.5						(23.4)						2.1
Total definite-lived intangible assets									$	65.6					$	(57.7)					$	7.9					$	66.1					$	(57.8)					$	8.3

Finite-lived Intangible Assets Amortization Expense

			Three Months Ended March 31,
(in millions)			2021						2020
Aggregate Amortization Expense			$	0.4					$	0.4

Schedule of intangible assets amortization expense

Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years is as follows:

2021			$	1.7
2022			1.3
2023			0.7
2024			0.5
2025			0.4

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Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-SubTopic 30
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