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BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of business segment information | Business segment information is presented below (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net sales |  |  |  |  |  |  |
AWP | $ | 595.2 |  |  | $ | 413.9 |  |  | $ | 1,071.9 |  |  | $ | 925.6 |
MP | 440.8 |  |  | 263.6 |  |  | 819.0 |  |  | 579.2 |
Corporate and Other / Eliminations | 2.7 |  |  | 13.0 |  |  | 12.0 |  |  | 19.3 |
Total | $ | 1,038.7 |  |  | $ | 690.5 |  |  | $ | 1,902.9 |  |  | $ | 1,524.1 |
Income (loss) from operations |  |  |  |  |  |  |
AWP | $ | 65.2 |  |  | $ | (5.0) |  |  | $ | 91.8 |  |  | $ | (10.9) |
MP | 72.1 |  |  | 23.4 |  |  | 121.2 |  |  | 48.4 |
Corporate and Other / Eliminations | (14.8) |  |  | (11.0) |  |  | (29.0) |  |  | (37.2) |
Total | $ | 122.5 |  |  | $ | 7.4 |  |  | $ | 184.0 |  |  | $ | 0.3 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Sales between segments are generally priced to recover costs plus a reasonable markup for profit, which is eliminated in consolidation.
| June 30, 2021 |  | December 31, 2020
Identifiable assets |  |  |
AWP (1) | $ | 1,834.5 |  |  | $ | 1,541.0 |
MP | 1,668.5 |  |  | 1,596.3 |
Corporate and Other / Eliminations (2) | (442.8) |  |  | (111.8) |
Assets held for sale | 8.3 |  |  | 6.3 |
Total | $ | 3,068.5 |  |  | $ | 3,031.8 |
(1) Increase primarily due to higher trade receivable and inventory balances. (2) Change primarily due to lower cash and finance receivable balances and higher intercompany eliminations.
Revenue from External Customers by Geographic Areas | Geographic net sales information is presented below (in millions):
| Three Months Ended June 30, 2021 |  | Three Months Ended June 30, 2020
| AWP |  |  |  | MP |  | Corporate and Other / Eliminations |  | Total |  | AWP |  | MP |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 393.2 |  |  |  |  | $ | 182.7 |  |  | $ | 5.2 |  |  | $ | 581.1 |  |  | $ | 276.8 |  |  | $ | 123.8 |  |  | $ | 19.3 |  |  | $ | 419.9 |
Western Europe | 89.7 |  |  |  |  | 143.6 |  |  | 0.1 |  |  | 233.4 |  |  | 41.8 |  |  | 70.2 |  |  | 0.1 |  |  | 112.1 |
Asia-Pacific | 90.8 |  |  |  |  | 80.2 |  |  | 0.2 |  |  | 171.2 |  |  | 75.4 |  |  | 46.6 |  |  | 1.1 |  |  | 123.1 |
Rest of World (1) | 21.5 |  |  |  |  | 34.3 |  |  | (2.8) |  |  | 53.0 |  |  | 19.9 |  |  | 23.0 |  |  | (7.5) |  |  | 35.4 |
Total (2) | $ | 595.2 |  |  |  |  | $ | 440.8 |  |  | $ | 2.7 |  |  | $ | 1,038.7 |  |  | $ | 413.9 |  |  | $ | 263.6 |  |  | $ | 13.0 |  |  | $ | 690.5 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $522.8 million and $384.4 million for the three months ended June 30, 2021 and 2020, respectively, attributable to the U.S., the Company’s country of domicile.
| Six Months Ended June 30, 2021 |  | Six Months Ended June 30, 2020
| AWP |  |  |  | MP |  | Corporate and Other / Eliminations |  | Total |  | AWP |  | MP |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | $ | 689.2 |  |  |  |  | $ | 329.1 |  |  | $ | 15.4 |  |  | $ | 1,033.7 |  |  | $ | 619.3 |  |  | $ | 238.2 |  |  | $ | 33.7 |  |  | $ | 891.2 |
Western Europe | 184.0 |  |  |  |  | 261.9 |  |  | 0.2 |  |  | 446.1 |  |  | 130.6 |  |  | 175.9 |  |  | 0.2 |  |  | 306.7 |
Asia-Pacific | 161.1 |  |  |  |  | 162.5 |  |  | 0.4 |  |  | 324.0 |  |  | 126.5 |  |  | 105.6 |  |  | 1.3 |  |  | 233.4 |
Rest of World (1) | 37.6 |  |  |  |  | 65.5 |  |  | (4.0) |  |  | 99.1 |  |  | 49.2 |  |  | 59.5 |  |  | (15.9) |  |  | 92.8 |
Total (2) | $ | 1,071.9 |  |  |  |  | $ | 819.0 |  |  | $ | 12.0 |  |  | $ | 1,902.9 |  |  | $ | 925.6 |  |  | $ | 579.2 |  |  | $ | 19.3 |  |  | $ | 1,524.1 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $938.5 million and $815.5 million for the six months ended June 30, 2021 and 2020, respectively, attributable to the U.S., the Company’s country of domicile.
Revenue from External Customers by Products and Services | Product type net sales information is presented below (in millions):
| Three Months Ended June 30, 2021 |  | Three Months Ended June 30, 2020
| AWP |  |  |  | MP |  | Corporate and Other / Eliminations |  | Total |  | AWP |  | MP |  | Corporate and Other / Eliminations |  | Total
Net sales by product type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | 448.4 |  |  |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 448.6 |  |  | $ | 279.4 |  |  | $ | — |  |  | $ | (0.2) |  |  | $ | 279.2 |
Materials Processing Equipment | — |  |  |  |  | 261.3 |  |  | — |  |  | 261.3 |  |  | — |  |  | 150.8 |  |  | — |  |  | 150.8 |
Specialty Equipment | — |  |  |  |  | 179.5 |  |  | 0.8 |  |  | 180.3 |  |  | — |  |  | 111.9 |  |  | 0.4 |  |  | 112.3 |
Other (1) | 146.8 |  |  |  |  | — |  |  | 1.7 |  |  | 148.5 |  |  | 134.5 |  |  | 0.9 |  |  | 12.8 |  |  | 148.2 |
Total | $ | 595.2 |  |  |  |  | $ | 440.8 |  |  | $ | 2.7 |  |  | $ | 1,038.7 |  |  | $ | 413.9 |  |  | $ | 263.6 |  |  | $ | 13.0 |  |  | $ | 690.5 |
(1) Includes other product types, intercompany sales and eliminations.
| Six Months Ended June 30, 2021 |  | Six Months Ended June 30, 2020 |  |  |  |
| AWP |  |  |  | MP |  | Corporate and Other / Eliminations |  | Total |  | AWP |  | MP |  | Corporate and Other / Eliminations |  | Total |  |  |  |
Net sales by product type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | 805.2 |  |  |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | 805.8 |  |  | $ | 626.1 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 626.3 |  |  |  |  |
Materials Processing Equipment | — |  |  |  |  | 489.9 |  |  | — |  |  | 489.9 |  |  | — |  |  | 338.9 |  |  | — |  |  | 338.9 |  |  |  |  |
Specialty Equipment | — |  |  |  |  | 328.6 |  |  | 1.5 |  |  | 330.1 |  |  | — |  |  | 238.2 |  |  | 0.7 |  |  | 238.9 |  |  |  |  |
Other (1) | 266.7 |  |  |  |  | 0.5 |  |  | 9.9 |  |  | 277.1 |  |  | 299.5 |  |  | 2.1 |  |  | 18.4 |  |  | 320.0 |  |  |  |  |
Total | $ | 1,071.9 |  |  |  |  | $ | 819.0 |  |  | $ | 12.0 |  |  | $ | 1,902.9 |  |  | $ | 925.6 |  |  | $ | 579.2 |  |  | $ | 19.3 |  |  | $ | 1,524.1 |  |  |  |  |
(1) Includes other product types, intercompany sales and eliminations.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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