XML 82 R67.htm IDEA: XBRL DOCUMENT v2.3.0.15
Subsidiary Guarantors of 2013 Notes, 2018 Notes and 2020 Notes (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Condensed consolidating statements of income    
Net sales$ 935.4$ 807.1$ 2,617.4$ 2,310.8
Costs and expenses:    
Cost of sales711.9606.91,988.91,738.0
Engineering, selling and administrative expenses143.2133.4428.8382.4
Restructuring expense0.91.43.83.2
Amortization expense9.99.529.228.7
Loss on disposition of property 2.0 2.0
Other0.3 0.4 
Total operating costs and expenses866.2753.22,451.12,154.3
Earnings (loss) from operations69.253.9166.3156.5
Other income (expenses):    
Interest expense(36.2)(51.5)(119.9)(147.4)
Loss on debt extinguishment (1.1)(27.8)(16.8)
Other income (expense)-net2.0 3.1(11.8)
Total other income (expenses)(34.2)(52.6)(144.6)(176.0)
Earnings (loss) from continuing operations before taxes on income35.01.321.7(19.5)
Provision (benefit) for taxes on income13.32.715.1(7.3)
Earnings (loss) from continuing operations21.7(1.4)6.6(12.2)
Discontinued operations:    
Earnings (loss) from discontinued operations, net of income taxes(0.1)1.9(3.1)2.4
Loss on sale of discontinued operations, net of income taxes  (33.6) 
Net earnings (loss)21.60.5(30.1)(9.8)
Less: Net loss attributable to noncontrolling interest, net of income taxes(2.1)(0.9)(4.1)(2.2)
Net earnings (loss) attributable to Manitowoc23.71.4(26.0)(7.6)
Parent
    
Condensed consolidating statements of income    
Percentage of equity ownership owned (as a percent)100.00% 100.00% 
Costs and expenses:    
Engineering, selling and administrative expenses13.010.440.830.7
Equity in (earnings) loss of subsidiaries(52.0)(41.5)(70.7)(108.4)
Total operating costs and expenses(39.0)(31.1)(29.9)(77.7)
Earnings (loss) from operations39.031.129.977.7
Other income (expenses):    
Interest expense(32.6)(48.5)(110.3)(140.5)
Management fee income (expense)11.79.735.127.3
Loss on debt extinguishment (1.1)(27.8)(16.8)
Other income (expense)-net0.81.33.53.8
Total other income (expenses)(20.1)(38.6)(99.5)(126.2)
Earnings (loss) from continuing operations before taxes on income18.9(7.5)(69.6)(48.5)
Provision (benefit) for taxes on income(4.8)(8.9)(43.6)(40.9)
Earnings (loss) from continuing operations23.71.4(26.0)(7.6)
Discontinued operations:    
Net earnings (loss)23.71.4(26.0)(7.6)
Net earnings (loss) attributable to Manitowoc23.71.4(26.0)(7.6)
Guarantor Subsidiaries
    
Condensed consolidating statements of income    
Net sales574.2479.21,561.21,331.9
Costs and expenses:    
Cost of sales441.7355.51,182.5989.3
Engineering, selling and administrative expenses57.755.9172.9155.8
Restructuring expense0.3 0.40.2
Amortization expense7.97.723.123.0
Loss on disposition of property 1.7 1.7
Other0.3 0.4 
Equity in (earnings) loss of subsidiaries(3.2)(8.4)(17.0)(30.8)
Total operating costs and expenses504.7412.41,362.31,139.2
Earnings (loss) from operations69.566.8198.9192.7
Other income (expenses):    
Interest expense(0.3)(0.6)(1.0)(1.7)
Management fee income (expense)(15.0)(11.3)(44.2)(32.4)
Other income (expense)-net(12.8)(10.4)(34.6)(32.4)
Total other income (expenses)(28.1)(22.3)(79.8)(66.5)
Earnings (loss) from continuing operations before taxes on income41.444.5119.1126.2
Provision (benefit) for taxes on income9.912.033.827.4
Earnings (loss) from continuing operations31.532.585.398.8
Discontinued operations:    
Earnings (loss) from discontinued operations, net of income taxes(0.2)(0.1)0.7(0.5)
Loss on sale of discontinued operations, net of income taxes  (33.6) 
Net earnings (loss)31.332.451.098.3
Net earnings (loss) attributable to Manitowoc31.332.451.098.3
Non-Guarantor Subsidiaries
    
Condensed consolidating statements of income    
Net sales486.6428.01,382.61,276.1
Costs and expenses:    
Cost of sales395.6351.51,132.81,045.9
Engineering, selling and administrative expenses72.567.1215.1195.9
Restructuring expense0.61.43.43.0
Amortization expense2.01.86.15.7
Loss on disposition of property 0.3 0.3
Total operating costs and expenses470.7422.11,357.41,250.8
Earnings (loss) from operations15.95.925.225.3
Other income (expenses):    
Interest expense(3.3)(2.4)(8.6)(5.2)
Management fee income (expense)3.31.69.15.1
Other income (expense)-net14.09.134.216.8
Total other income (expenses)14.08.334.716.7
Earnings (loss) from continuing operations before taxes on income29.914.259.942.0
Provision (benefit) for taxes on income8.2(0.4)24.96.2
Earnings (loss) from continuing operations21.714.635.035.8
Discontinued operations:    
Earnings (loss) from discontinued operations, net of income taxes0.12.0(2.4)2.9
Net earnings (loss)21.816.632.638.7
Less: Net loss attributable to noncontrolling interest, net of income taxes(2.1)(0.9)4.1(2.2)
Net earnings (loss) attributable to Manitowoc23.917.536.740.9
Eliminations
    
Condensed consolidating statements of income    
Net sales(125.4)(100.1)(326.4)(297.2)
Costs and expenses:    
Cost of sales(125.4)(100.1)(326.4)(297.2)
Equity in (earnings) loss of subsidiaries55.249.987.7139.2
Total operating costs and expenses(70.2)(50.2)(238.7)(158.0)
Earnings (loss) from operations(55.2)(49.9)(87.7)(139.2)
Other income (expenses):    
Earnings (loss) from continuing operations before taxes on income(55.2)(49.9)(87.7)(139.2)
Earnings (loss) from continuing operations(55.2)(49.9)(87.7)(139.2)
Discontinued operations:    
Net earnings (loss)(55.2)(49.9)(87.7)(139.2)
Net earnings (loss) attributable to Manitowoc$ (55.2)$ (49.9)$ (87.7)$ (139.2)