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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2022

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):

			MP						AWP						Total
Balance at December 31, 2020, gross			$	196.6					$	140.6					$	337.2
Accumulated impairment			(23.2)						(38.6)						(61.8)
Balance at December 31, 2020, net			173.4						102.0						275.4
Acquisitions			7.3						—						7.3
Foreign exchange effect and other			(1.7)						(0.9)						(2.6)
Balance at December 31, 2021, gross			202.2						139.7						341.9
Accumulated impairment			(23.2)						(38.6)						(61.8)
Balance at December 31, 2021, net			179.0						101.1						280.1
Acquisitions			21.5						—						21.5
Foreign exchange effect and other			(15.5)						(1.7)						(17.2)
Balance at December 31, 2022, gross			208.2						138.0						346.2
Accumulated impairment			(23.2)						(38.6)						(61.8)
Balance at December 31, 2022, net			$	185.0					$	99.4					$	284.4

Schedule of intangible assets by class

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

									December 31, 2022																		December 31, 2021
			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						$	9.3					$	(9.2)					$	0.1					$	9.8					$	(9.7)					$	0.1
Customer Relationships			17						34.8						(26.8)						8.0						31.9						(25.4)						6.5
Land Use Rights			79						4.0						(0.8)						3.2						4.4						(0.8)						3.6
Other			8						29.8						(23.7)						6.1						26.3						(23.1)						3.2
Total definite-lived intangible assets									$	77.9					$	(60.5)					$	17.4					$	72.4					$	(59.0)					$	13.4

Finite-lived Intangible Assets Amortization Expense

			For the Year Ended December 31,
(in millions)			2022						2021						2020
Aggregate Amortization Expense			$	2.6					$	2.2					$	1.8

Schedule of intangible assets amortization expense

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

2023						$	2.4
2024						2.2
2025						2.1
2026						2.0
2027						1.9

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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.

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-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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