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BUSINESS SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2011
Segment Reporting [Abstract] 
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION

Terex is a diversified global equipment manufacturer of a variety of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries. The Company operates in five reportable segments: (i) AWP; (ii) Construction; (iii) Cranes; (iv) MHPS; and (v) Materials Processing (“MP”).

The AWP segment designs, manufactures, refurbishes, services and markets aerial work platform equipment, telehandlers, light towers, bridge inspection equipment and utility equipment as well as their related replacement parts and components. Customers use AWP products to construct and maintain industrial, commercial and residential buildings and facilities, construct and maintain utility and telecommunication lines, trim trees, in construction and foundation drilling applications and for other commercial operations, as well as in a wide range of infrastructure projects. Additionally, the Company owns a majority of the North American distribution channel for its utility products group. Effective July 1, 2011, the Company's bridge inspection equipment, which was formerly included in the Construction segment, is now included in the AWP segment.

The Construction segment designs, manufactures and markets heavy and compact construction equipment, as well as roadbuilding equipment, including asphalt and concrete equipment and landfill compactors as well as their related replacement parts and components. Customers use these products in construction and infrastructure projects to build roads and bridges and in quarrying and mining operations.

The Cranes segment designs, manufactures, services and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes, truck-mounted cranes (boom trucks) and specialized port and rail equipment, including straddle and sprinter carriers, gantry cranes, mobile harbor cranes, ship-to-shore cranes, reach stackers, lift trucks and forklifts, as well as their related replacement parts and components. Cranes products are used primarily for construction, repair and maintenance of commercial buildings, manufacturing facilities and infrastructure and material handling at port and railway facilities.

The MHPS segment designs, manufactures, services and markets industrial cranes, crane components, harbor cranes and terminal automation technology. The segment operates an extensive global sales and service network. Customers use these products for material handling at manufacturing and port facilities. This segment information is included from August 16, 2011, the date of acquisition of a majority interest in the shares of Demag Cranes AG. See Note H - “Acquisitions.”

The MP segment designs, manufactures and markets materials processing equipment, including crushers, washing systems, screens, apron feeders, wood chippers and related components and replacement parts. Construction, quarrying, mining and government customers use MP products in construction and infrastructure projects and various quarrying and mining applications.

The Company assists customers in their rental, leasing and acquisition of its products through Terex Financial Services (“TFS”). TFS utilizes its equipment and financial leasing experience to provide a variety of financing solutions to the Company's customers when they purchase equipment manufactured by the Company.

Business segment information is presented below (in millions):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2011
 
2010
 
2011
 
2010
Net Sales
 
 
 
 
 
 
 
AWP
$
448.7

 
$
282.2

 
$
1,312.6

 
$
733.5

Construction
395.4

 
284.7

 
1,096.6

 
765.0

Cranes
543.6

 
368.7

 
1,406.0

 
1,231.5

MHPS
256.0

 
—

 
256.0

 
—

MP
171.1

 
143.6

 
512.0

 
387.3

Corporate and Other / Eliminations
(11.2
)
 
(3.4
)
 
(35.2
)
 
(25.7
)
Total
$
1,803.6

 
$
1,075.8

 
$
4,548.0

 
$
3,091.6

Income (loss) from Operations
 
 
 

 
 
 
 
AWP
$
27.0

 
$
14.0

 
$
60.1

 
$
(8.2
)
Construction
(6.4
)
 
(7.7
)
 
(15.6
)
 
(47.7
)
Cranes
25.9

 
3.9

 
(30.6
)
 
17.8

MHPS
(2.6
)
 
—

 
(2.6
)
 
—

MP
12.4

 
10.3

 
45.8

 
19.2

Corporate and Other / Eliminations
(3.7
)
 
(16.9
)
 
(7.0
)
 
(54.4
)
Total
$
52.6

 
$
3.6

 
$
50.1

 
$
(73.3
)

 
September 30,
2011
 
December 31,
2010
Identifiable Assets
 
 
 
AWP
$
888.2

 
$
837.2

Construction
1,263.9

 
1,186.8

Cranes
2,251.0

 
2,227.8

MHPS
2,354.2

 
—

MP
932.7

 
913.2

Corporate and Other / Eliminations
(363.3
)
 
351.4

Total
$
7,326.7

 
$
5,516.4