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Segments (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the years ended December 31, 2017, 2016 and 2015 (in millions):

 

 

 

2017

 

 

2016

 

 

2015

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

693.6

 

 

$

736.3

 

 

$

941.3

 

EURAF

 

 

628.9

 

 

 

560.4

 

 

 

498.9

 

MEAP

 

 

258.8

 

 

 

316.4

 

 

 

425.5

 

Total

 

$

1,581.3

 

 

$

1,613.1

 

 

$

1,865.7

 

Segment Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

6.8

 

 

$

(37.1

)

 

$

22.5

 

EURAF

 

 

2.3

 

 

 

(36.5

)

 

 

(28.9

)

MEAP

 

 

32.9

 

 

 

44.8

 

 

 

60.5

 

Total

 

$

42.0

 

 

$

(28.8

)

 

$

54.1

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

18.6

 

 

$

24.5

 

 

$

28.4

 

EURAF

 

 

15.0

 

 

 

15.7

 

 

 

15.9

 

MEAP

 

 

3.8

 

 

 

4.6

 

 

 

5.4

 

Corporate

 

 

0.7

 

 

 

0.8

 

 

 

0.9

 

Total

 

$

38.1

 

 

$

45.6

 

 

$

50.6

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

10.6

 

 

$

14.5

 

 

$

26.9

 

EURAF

 

 

14.3

 

 

 

26.9

 

 

 

23.4

 

MEAP

 

 

3.9

 

 

 

4.5

 

 

 

3.7

 

Corporate

 

 

0.1

 

 

 

 

 

 

0.9

 

Total

 

$

28.9

 

 

$

45.9

 

 

$

54.9

 

 

Schedule of Reconciliation of the Company's Segment Operating Income (Loss)

A reconciliation of the Company’s segment operating income (loss) to the consolidated statement of operations for the years ended December 31, 2017, 2016 and 2015 was as follows (in millions):

 

 

 

2017

 

 

2016

 

 

2015

 

Segment operating income (loss)

 

$

42.0

 

 

$

(28.8

)

 

$

54.1

 

Unallocated corporate expenses

 

 

(36.9

)

 

 

(42.1

)

 

 

(62.8

)

Asset impairment expense

 

 

 

 

 

(77.4

)

 

 

 

Restructuring expense

 

 

(3.6

)

 

 

(2.0

)

 

 

(3.7

)

Other operating income (expense) - net

 

 

(0.4

)

 

 

(3.0

)

 

 

 

Total operating income (loss)

 

$

1.1

 

 

$

(153.3

)

 

$

(12.4

)

 

Schedule of Net Sales from Continuing Operations and Long-Lived Asset Information by Geographic Area

Long-lived assets are defined as property, plant and equipment-net and other non-current assets, excluding goodwill, other intangible assets-net and deferred tax assets.

 

 

Net Sales

 

 

Long-Lived Assets

 

(in millions)

 

2017

 

 

2016

 

 

2015

 

 

2017

 

 

2016

 

United States

 

$

618.5

 

 

$

641.3

 

 

$

784.5

 

 

$

119.1

 

 

$

152.9

 

Other North America

 

 

42.0

 

 

 

61.9

 

 

 

87.2

 

 

 

 

 

 

 

Europe

 

 

601.3

 

 

 

520.7

 

 

 

418.9

 

 

 

144.2

 

 

 

129.9

 

Asia

 

 

97.8

 

 

 

159.1

 

 

 

184.8

 

 

 

62.9

 

 

 

50.5

 

Middle East

 

 

102.6

 

 

 

119.6

 

 

 

193.8

 

 

 

1.3

 

 

 

1.4

 

Central and South America

 

 

27.1

 

 

 

24.9

 

 

 

63.7

 

 

 

9.3

 

 

 

10.8

 

Africa

 

 

27.6

 

 

 

39.7

 

 

 

80.0

 

 

 

 

 

 

 

Caribbean

 

 

6.0

 

 

 

8.2

 

 

 

5.9

 

 

 

 

 

 

 

Australia

 

 

58.4

 

 

 

37.7

 

 

 

46.9

 

 

 

0.3

 

 

 

0.4

 

Total

 

$

1,581.3

 

 

$

1,613.1

 

 

$

1,865.7

 

 

$

337.1

 

 

$

345.9

 

 

Schedule of Net Sales By Product

Net sales by product for 2017, 2016, and 2015 are as follows (in millions):

 

 

 

2017

 

 

2016

 

 

2015

 

Cranes

 

$

1,270.5

 

 

$

1,311.1

 

 

$

1,564.3

 

Aftermarket parts and other*

 

 

310.8

 

 

 

302.0

 

 

 

301.4

 

Total net sales

 

$

1,581.3

 

 

$

1,613.1

 

 

$

1,865.7

 

*Other revenue consists of revenue related to miscellaneous CraneCare services such as trainings and field service work.