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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2017
Property Plant And Equipment [Abstract] |
Property, Plant and Equipment | 7. Property, Plant and Equipment The components of property, plant and equipment at December 31, 2017 and December 31, 2016 are summarized as follows:
(in millions) |  | 2017 |  |  | 2016 |
Land |  | $ | 25.4 |  |  | $ | 23.6 |
Building and improvements |  |  | 196.4 |  |  | $ | 225.0 |
Machinery, equipment and tooling |  |  | 263.6 |  |  | $ | 292.6 |
Furniture and fixtures |  |  | 15.6 |  |  | $ | 16.7 |
Computer hardware and software |  |  | 114.4 |  |  | $ | 126.0 |
Rental cranes |  |  | 90.2 |  |  | $ | 89.0 |
Construction in progress |  |  | 17.3 |  |  | $ | 16.7 |
Total cost |  |  | 722.9 |  |  |  | 789.6 |
Less accumulated depreciation |  |  | (428.0 | ) |  |  | (480.8 | )
Property, plant and equipment-net |  | $ | 294.9 |  |  | $ | 308.8 |
In the twelve months ended December 31, 2017 and 2016, the Company recorded $0.1 million and $96.9 million in asset impairment charges, respectively. See additional discussion of impairments in Note 19, “Restructuring and Asset Impairments.” Assets Held for Sale The Company has classified the Manitowoc, Wisconsin manufacturing building and Corporate headquarters as held for sale on the consolidated balance sheet. The net book value of assets held for sale were $25.0 million as of December 31, 2017 and are included in other current assets on the balance sheet. No assets were classified as held for sale on the balance sheet as of December 31, 2016. These assets were carried at the lesser of the original cost or fair value, less the estimated costs to sell. The fair values were determined by the Company to be Level 3 (see Note 4, “Fair Value of Financial Instruments,” for the definition of Level 3 inputs) under the fair value hierarchy and were estimated based on broker quotes and internal expertise related to current marketplace conditions.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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