XML 48 R70.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Guarantors of 2018 Notes, 2020 Notes and 2022 Notes (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Condensed Consolidating Statement of Operations        
Net sales $ 1,014.5 $ 947.5 $ 2,959.1 $ 2,796.6
Costs and expenses:        
Cost of sales 754.4 713.6 2,206.2 2,108.2
Engineering, selling and administrative expenses 151.0 152.5 470.4 449.0
Amortization expense 8.7 9.3 26.8 27.9
Restructuring expense 0.4 0.7 1.6 1.6
Other 0.2 1.9 0.5 2.0
Equity in (earnings) loss of subsidiaries 0 0 0 0
Total costs and expenses 914.7 878.0 2,705.5 2,588.7
Operating earnings (loss) from continuing operations 99.8 69.5 253.6 207.9
Other income (expenses):        
Interest expense (32.0) (34.4) (97.9) (101.2)
Amortization of deferred financing fees (1.8) (2.0) (5.3) (6.1)
Loss on debt extinguishment 0 0 (0.4) 0
Management fee income (expense) 0 0 0 0
Other income (expense), net 0.9 (0.2) 1.1 0
Total other income (expenses) (32.9) (36.6) (102.5) (107.3)
Earnings (loss) from continuing operations before taxes on earnings 66.9 32.9 151.1 100.6
Provision (benefit) for taxes on income 17.0 13.5 34.8 40.4
Earnings (loss) from continuing operations 49.9 19.4 116.3 60.2
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0.7 0.3 (1.5) 0.3
Loss on sale of discontinued operations, net of income taxes 0 0 (1.6) 0
Net earnings (loss) 50.6 19.7 113.2 60.5
Less: Net loss attributable to noncontrolling interest, net of tax (2.3) (2.5) (7.7) (6.7)
Net earnings (loss) attributable to Manitowoc 52.9 22.2 120.9 67.2
Comprehensive income (loss) attributable to Manitowoc 72.9 52.1 124.8 74.9
Parent
        
Condensed Consolidating Statement of Operations        
Net sales 0 0 0 0
Costs and expenses:        
Cost of sales 0 0 0 0
Engineering, selling and administrative expenses 15.3 16.0 48.5 47.2
Amortization expense 0 0 0 0
Restructuring expense 0 0 0 0
Other 0 0 0 0
Equity in (earnings) loss of subsidiaries (64.6) (36.0) (151.2) (100.2)
Total costs and expenses (49.3) (20.0) (102.7) (53.0)
Operating earnings (loss) from continuing operations 49.3 20.0 102.7 53.0
Other income (expenses):        
Interest expense (29.4) (31.0) (89.7) (91.3)
Amortization of deferred financing fees (1.8) (2.0) (5.3) (6.1)
Loss on debt extinguishment 0   (0.4)  
Management fee income (expense) 15.2 15.5 44.9 46.3
Other income (expense), net 5.0 6.7 10.9 36.2
Total other income (expenses) (11.0) (10.8) (39.6) (14.9)
Earnings (loss) from continuing operations before taxes on earnings 38.3 9.2 63.1 38.1
Provision (benefit) for taxes on income (14.6) (13.0) (57.8) (29.1)
Earnings (loss) from continuing operations 52.9 22.2 120.9 67.2
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0 0 0 0
Loss on sale of discontinued operations, net of income taxes 0   0  
Net earnings (loss) 52.9 22.2 120.9 67.2
Less: Net loss attributable to noncontrolling interest, net of tax 0 0 0 0
Net earnings (loss) attributable to Manitowoc 52.9 22.2 120.9 67.2
Comprehensive income (loss) attributable to Manitowoc 72.9 52.1 124.8 74.9
Guarantor Subsidiaries
        
Condensed Consolidating Statement of Operations        
Net sales 695.3 675.0 1,997.4 1,923.1
Costs and expenses:        
Cost of sales 530.3 515.1 1,521.0 1,466.4
Engineering, selling and administrative expenses 64.8 63.2 195.3 183.3
Amortization expense 7.4 7.5 22.2 22.5
Restructuring expense 0.1 0 0.2 0.2
Other 0.2 1.9 0.5 2.0
Equity in (earnings) loss of subsidiaries (2.9) (7.4) (21.4) (27.5)
Total costs and expenses 599.9 580.3 1,717.8 1,646.9
Operating earnings (loss) from continuing operations 95.4 94.7 279.6 276.2
Other income (expenses):        
Interest expense (0.3) (0.5) (0.9) (1.5)
Amortization of deferred financing fees 0 0 0 0
Loss on debt extinguishment 0   0  
Management fee income (expense) (18.8) (19.9) (54.9) (57.8)
Other income (expense), net (8.1) (7.9) (24.5) (38.3)
Total other income (expenses) (27.2) (28.3) (80.3) (97.6)
Earnings (loss) from continuing operations before taxes on earnings 68.2 66.4 199.3 178.6
Provision (benefit) for taxes on income 23.7 20.7 69.0 56.1
Earnings (loss) from continuing operations 44.5 45.7 130.3 122.5
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0.7 0 (1.5) (0.5)
Loss on sale of discontinued operations, net of income taxes 0   0  
Net earnings (loss) 45.2 45.7 128.8 122.0
Less: Net loss attributable to noncontrolling interest, net of tax 0 0 0 0
Net earnings (loss) attributable to Manitowoc 45.2 45.7 128.8 122.0
Comprehensive income (loss) attributable to Manitowoc 46.4 44.6 129.9 122.0
Non-Guarantor Subsidiaries
        
Condensed Consolidating Statement of Operations        
Net sales 493.1 440.2 1,467.6 1,339.5
Costs and expenses:        
Cost of sales 398.0 366.2 1,191.1 1,107.8
Engineering, selling and administrative expenses 70.9 73.3 226.6 218.5
Amortization expense 1.3 1.8 4.6 5.4
Restructuring expense 0.3 0.7 1.4 1.4
Other 0 0 0 0
Equity in (earnings) loss of subsidiaries 0 0 0 0
Total costs and expenses 470.5 442.0 1,423.7 1,333.1
Operating earnings (loss) from continuing operations 22.6 (1.8) 43.9 6.4
Other income (expenses):        
Interest expense (2.3) (2.9) (7.3) (8.4)
Amortization of deferred financing fees 0 0 0 0
Loss on debt extinguishment 0   0  
Management fee income (expense) 3.6 4.4 10.0 11.5
Other income (expense), net 4.0 1.0 14.7 2.1
Total other income (expenses) 5.3 2.5 17.4 5.2
Earnings (loss) from continuing operations before taxes on earnings 27.9 0.7 61.3 11.6
Provision (benefit) for taxes on income 7.9 5.8 23.6 13.4
Earnings (loss) from continuing operations 20.0 (5.1) 37.7 (1.8)
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0 0.3 0 0.8
Loss on sale of discontinued operations, net of income taxes 0   (1.6)  
Net earnings (loss) 20.0 (4.8) 36.1 (1.0)
Less: Net loss attributable to noncontrolling interest, net of tax (2.3) (2.5) (7.7) (6.7)
Net earnings (loss) attributable to Manitowoc 22.3 (2.3) 43.8 5.7
Comprehensive income (loss) attributable to Manitowoc 25.4 (2.8) 36.1 16.8
Eliminations
        
Condensed Consolidating Statement of Operations        
Net sales (173.9) (167.7) (505.9) (466.0)
Costs and expenses:        
Cost of sales (173.9) (167.7) (505.9) (466.0)
Engineering, selling and administrative expenses 0 0 0 0
Amortization expense 0 0 0 0
Restructuring expense 0 0 0 0
Other 0 0 0 0
Equity in (earnings) loss of subsidiaries 67.5 43.4 172.6 127.7
Total costs and expenses (106.4) (124.3) (333.3) (338.3)
Operating earnings (loss) from continuing operations (67.5) (43.4) (172.6) (127.7)
Other income (expenses):        
Interest expense 0 0 0 0
Amortization of deferred financing fees 0 0 0 0
Loss on debt extinguishment 0   0  
Management fee income (expense) 0 0 0 0
Other income (expense), net 0 0 0 0
Total other income (expenses) 0 0 0 0
Earnings (loss) from continuing operations before taxes on earnings (67.5) (43.4) (172.6) (127.7)
Provision (benefit) for taxes on income 0 0 0 0
Earnings (loss) from continuing operations (67.5) (43.4) (172.6) (127.7)
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0 0 0 0
Loss on sale of discontinued operations, net of income taxes 0   0  
Net earnings (loss) (67.5) (43.4) (172.6) (127.7)
Less: Net loss attributable to noncontrolling interest, net of tax 0 0 0 0
Net earnings (loss) attributable to Manitowoc (67.5) (43.4) (172.6) (127.7)
Comprehensive income (loss) attributable to Manitowoc $ (71.8) $ (41.8) $ (166.0) $ (138.8)