XML 42 R35.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in goodwill by reportable segment | The changes in the carrying amount of goodwill as of June 30, 2024 is summarized as follows:
|  | Americas |  |  | MEAP |  |  | Consolidated |
Balance as of December 31, 2023 |  | $ | 14.4 |  |  | $ | 65.2 |  |  | $ | 79.6 |
Foreign currency impact |  |  | — |  |  |  | (0.7 | ) |  |  | (0.7 | )
Balance as of June 30, 2024 |  | $ | 14.4 |  |  | $ | 64.5 |  |  | $ | 78.9 |
Gross carrying amount, accumulated amortization and net book value of intangible assets other than goodwill | The gross carrying amount, accumulated amortization, and net book value of the Company’s other intangible assets other than goodwill as of June 30, 2024 and December 31, 2023, are summarized as follows:
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization Amount |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization Amount |  |  | Net Book Value |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 26.4 |  |  | $ | (12.4 | ) |  | $ | 14.0 |  |  | $ | 26.5 |  |  | $ | (11.6 | ) |  | $ | 14.9 |
Patents |  |  | 28.7 |  |  |  | (28.3 | ) |  |  | 0.4 |  |  |  | 29.2 |  |  |  | (28.8 | ) |  |  | 0.4 |
Noncompetition agreements |  |  | 4.2 |  |  |  | (2.4 | ) |  |  | 1.8 |  |  |  | 4.2 |  |  |  | (2.0 | ) |  |  | 2.2 |
Trademarks and tradenames |  |  | 2.2 |  |  |  | (1.2 | ) |  |  | 1.0 |  |  |  | 2.2 |  |  |  | (1.0 | ) |  |  | 1.2 |
Other intangibles |  |  | 0.6 |  |  |  | (0.6 | ) |  |  | — |  |  |  | 0.7 |  |  |  | (0.7 | ) |  |  | — |
Total |  | $ | 62.1 |  |  | $ | (44.9 | ) |  | $ | 17.2 |  |  | $ | 62.8 |  |  | $ | (44.1 | ) |  | $ | 18.7 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames |  | $ | 91.0 |  |  | $ | — |  |  | $ | 91.0 |  |  | $ | 92.6 |  |  | $ | — |  |  | $ | 92.6 |
Distribution network |  |  | 13.9 |  |  |  | — |  |  |  | 13.9 |  |  |  | 14.3 |  |  |  | — |  |  |  | 14.3 |
Total |  |  | 104.9 |  |  |  | — |  |  |  | 104.9 |  |  |  | 106.9 |  |  |  | — |  |  |  | 106.9 |
Total other intangible assets |  | $ | 167.0 |  |  | $ | (44.9 | ) |  | $ | 122.1 |  |  | $ | 169.7 |  |  | $ | (44.1 | ) |  | $ | 125.6 |
Schedule of Goodwill Balances by Reporting Unit | The gross carrying amount, accumulated impairment and net book value of the Company's goodwill balances by reportable segment as of June 30, 2024 and December 31, 2023, are summarized as follows:
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Impairment Amount |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Impairment Amount |  |  | Net Book Value |
Americas |  | $ | 180.9 |  |  | $ | (166.5 | ) |  | $ | 14.4 |  |  | $ | 180.9 |  |  | $ | (166.5 | ) |  | $ | 14.4 |
EURAF |  |  | 82.2 |  |  |  | (82.2 | ) |  |  | — |  |  |  | 82.2 |  |  |  | (82.2 | ) |  |  | — |
MEAP |  |  | 64.5 |  |  |  | — |  |  |  | 64.5 |  |  |  | 65.2 |  |  |  | — |  |  |  | 65.2 |
Total |  | $ | 327.6 |  |  | $ | (248.7 | ) |  | $ | 78.9 |  |  | $ | 328.3 |  |  | $ | (248.7 | ) |  | $ | 79.6 |

X
- Definition Goodwill balances by reporting unit table + References No definition available. + Details
Name: | mtw_GoodwillBalancesByReportingUnitTableTextBlock
Namespace Prefix: | mtw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of indefinite-lived and finite-lived intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References No definition available. + Details
Name: | mtw_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsByMajorClassTableTextBlock
Namespace Prefix: | mtw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration