XML 103 R64.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Derivative Financial Instruments (Details) | 3 Months Ended | 12 Months Ended |  | 12 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2011 | Dec. 31, 2014 USD ($) | Dec. 31, 2012 USD ($) | Dec. 31, 2014 Interest rate cap contracts USD ($) | Dec. 31, 2013 Interest rate cap contracts USD ($) | Dec. 31, 2012 Interest rate swap contracts - Fixed-to-float/Float-to-fixed USD ($) | Dec. 31, 2013 Designated as Hedging Instrument [Member] Commodity [Member] USD ($) | Dec. 31, 2014 Aluminum Designated as Hedging Instrument [Member] t | Dec. 31, 2013 Aluminum Designated as Hedging Instrument [Member] t | Dec. 31, 2014 Copper Designated as Hedging Instrument [Member] t | Dec. 31, 2013 Copper Designated as Hedging Instrument [Member] t | Dec. 31, 2014 Natural Gas Designated as Hedging Instrument [Member] MMBTU | Dec. 31, 2013 Natural Gas Designated as Hedging Instrument [Member] MMBTU | Dec. 31, 2014 Steel Designated as Hedging Instrument [Member] T | Dec. 31, 2013 Steel Designated as Hedging Instrument [Member] T | Dec. 31, 2014 European Euro Designated as Hedging Instrument [Member] EUR (€) | Dec. 31, 2013 European Euro Designated as Hedging Instrument [Member] EUR (€) | Dec. 31, 2014 European Euro Not designated as hedging instruments EUR (€) | Dec. 31, 2013 European Euro Not designated as hedging instruments EUR (€) | Dec. 31, 2014 South Korean Won Designated as Hedging Instrument [Member] KRW | Dec. 31, 2013 South Korean Won Designated as Hedging Instrument [Member] KRW | Dec. 31, 2014 Singapore Dollar Designated as Hedging Instrument [Member] SGD | Dec. 31, 2013 Singapore Dollar Designated as Hedging Instrument [Member] SGD | Dec. 31, 2014 United States Dollar Designated as Hedging Instrument [Member] USD ($) | Dec. 31, 2013 United States Dollar Designated as Hedging Instrument [Member] USD ($) | Dec. 31, 2014 United States Dollar Not designated as hedging instruments USD ($) | Dec. 31, 2013 United States Dollar Not designated as hedging instruments USD ($) | Dec. 31, 2014 Mexico, Pesos Designated as Hedging Instrument [Member] MXN | Dec. 31, 2014 Mexico, Pesos Not designated as hedging instruments MXN | Dec. 31, 2014 Canada, Dollars Designated as Hedging Instrument [Member] CAD | Dec. 31, 2013 Canada, Dollars Designated as Hedging Instrument [Member] CAD | Dec. 31, 2014 Canada, Dollars Not designated as hedging instruments CAD | Dec. 31, 2013 Chinese Renminbi Not designated as hedging instruments CNY | Dec. 31, 2014 Australia, Dollars Not designated as hedging instruments AUD | Dec. 31, 2013 Australia, Dollars Not designated as hedging instruments AUD | Dec. 31, 2014 Derivatives in Cash Flow Hedging Relationships Term Loan A [Member] USD ($) | Dec. 31, 2013 Derivatives in Cash Flow Hedging Relationships Term Loan A [Member] USD ($) | Dec. 31, 2014 Fair Value Hedging [Member] 2020 Notes USD ($) | Dec. 31, 2014 Fair Value Hedging [Member] 2022 Notes USD ($)
Derivative financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Asset, Current |  |  |  |  |  |  | $ 200,000 us-gaap_DerivativeAssetsCurrent / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_CommodityMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Estimated amount of unrealized gains, net of tax, related to interest rate, commodity price and currency rate hedging that will be reclassified from other comprehensive income into earnings |  | (6,200,000)us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge period, low end of the range (in months) |  | 12 months |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge period, high end of the range (in months) |  | 24 months |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity units hedged |  |  |  |  |  |  |  | 1,657 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_AluminumMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 1,622 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_AluminumMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 820 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_CopperMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 382 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_CopperMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 347,608 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_NaturalGasMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 214,277 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_NaturalGasMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 14,665 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_SteelMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 11,503 invest_DerivativeNonmonetaryNotionalAmount / us-gaap_DerivativeByNatureAxis = mtw_SteelMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative, Notional Amount |  |  |  | 0 invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember | 100,000,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  |  |  |  |  |  |  |  |  |  | 89,006,695 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_EUR / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 74,934,975 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_EUR / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 73,302,332 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_EUR / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 31,738,273 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_EUR / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 1,964,906,996 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_KRW / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 1,258,808,642 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_KRW / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 3,900,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_SGD / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 5,280,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_SGD / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 29,228,731 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_USD / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 42,200,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_USD / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 18,244,912 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_USD / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 29,091,053 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_USD / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 52,674,387 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_MXN / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 3,151,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_MXN / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 7,984,824 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_CAD / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 11,011,092 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_CAD / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember | 2,516 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_CAD / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 125,000,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_CNY / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 2,482,430 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_AUD / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 1,000,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeByNatureAxis = currency_AUD / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember | 175,000,000 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = mtw_TermLoanMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember | 0 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = mtw_TermLoanMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember | 75,000,000 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = mtw_SeniorNotesDue2020Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_FairValueHedgingMember | 125,000,000 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = mtw_SeniorNotesDue2022Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_FairValueHedgingMember
Cap on interest rate (as a percent) |  |  |  | 3.00%us-gaap_DerivativeCapInterestRate / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative, Description of Variable Rate Basis (Deprecated 2014-01-31) | one-month LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Premium paid to enter into interest rate cap derivative contract |  |  |  | 700,000 us-gaap_DerivativeCostOfHedge / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative, Fixed Interest Rate Plus Applicable Spread |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.635%mtw_DerivativeFixedInterestRatePlusApplicableSpread / us-gaap_DebtInstrumentAxis = mtw_TermLoanMember / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_CashFlowHedgingMember |  |  |
Proceeds from monetization of derivative asset related to the fixed-to-float interest rate swaps |  |  | $ 14,800,000 us-gaap_DerivativeCashReceivedOnHedge |  |  | $ 14,800,000 us-gaap_DerivativeCashReceivedOnHedge / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative, Fixed Interest Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8.31%us-gaap_DerivativeFixedInterestRate / us-gaap_DebtInstrumentAxis = mtw_SeniorNotesDue2020Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_FairValueHedgingMember | 5.186%us-gaap_DerivativeFixedInterestRate / us-gaap_DebtInstrumentAxis = mtw_SeniorNotesDue2022Member / us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis = us-gaap_FairValueHedgingMember

X
- Definition Aggregate notional amount of derivative expressed in nonmonetary units. For example, the number of barrels specified in a fuel oil forward purchase contract. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNonmonetaryNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Derivative, Fixed Interest Rate Plus Applicable Spread Based on the consolidated total leverage ratio of the Company as defined under the New Senior Credit Facility + References No definition available. + Details
Name: | mtw_DerivativeFixedInterestRatePlusApplicableSpread
Namespace Prefix: | mtw_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The minimum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions. + References No definition available. + Details
Name: | mtw_MinimumLengthOfTimeHedgedInCashFlowHedge
Namespace Prefix: | mtw_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994 + Details
Name: | us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13495-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=34720828&loc=SL20225862-175312 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Assets -URI http://asc.fasb.org/extlink&oid=6509628 + Details
Name: | us-gaap_DerivativeAssetsCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. + References No definition available. + Details
Name: | us-gaap_DerivativeCapInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of cash received during the period on settlement of a hedge. + References No definition available. + Details
Name: | us-gaap_DerivativeCashReceivedOnHedge
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The premium (cost) of a hedge, expensed during the period. + References No definition available. + Details
Name: | us-gaap_DerivativeCostOfHedge
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994 + Details
Name: | us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration