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CONSOLIDATING FINANCIAL STATEMENTS
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
CONSOLIDATING FINANCIAL STATEMENTS
CONSOLIDATING FINANCIAL STATEMENTS

During 2012, the Company sold and issued the 6% Notes and the 6-1/2% Notes (collectively the “Notes”) (see Note O – “Long-Term Obligations”). The Notes are jointly and severally guaranteed by the following wholly-owned subsidiaries of the Company (the “Wholly-owned Guarantors”): CMI Terex Corporation, Genie Holdings, Inc., Genie Industries, Inc., Genie International, Inc., Powerscreen Holdings USA Inc., Powerscreen International LLC, Powerscreen North America Inc., Powerscreen USA, LLC, Terex Advance Mixer, Inc., Terex Aerials, Inc., Terex Financial Services, Inc., Terex South Dakota, Inc., Terex USA, LLC, Terex Utilities, Inc. and Terex Washington, Inc.  Wholly-owned Guarantors are 100% owned by the Company. All of the guarantees are full and unconditional.  The guarantees of the Wholly-owned Guarantors are subject to release in limited circumstances only upon the occurrence of certain customary conditions. No subsidiaries of the Company except the Wholly-owned Guarantors have provided a guarantee of the Notes.

The following summarized condensed consolidating financial information for the Company segregates the financial information of Terex Corporation, the Wholly-owned Guarantors and the non-guarantor subsidiaries.  The results and financial position of businesses acquired are included from the dates of their respective acquisitions.

Terex Corporation consists of parent company operations. Subsidiaries of the parent company are reported on the equity basis.  Wholly-owned Guarantors combine the operations of the Wholly-owned Guarantor subsidiaries.  Subsidiaries of Wholly-owned Guarantors that are not themselves guarantors are reported on the equity basis.  Non-guarantor subsidiaries combine the operations of subsidiaries which have not provided a guarantee of the Notes.  Subsidiaries of non-guarantor subsidiaries that are guarantors are reported on the equity basis.  Debt and goodwill allocated to subsidiaries are presented on a “push-down” accounting basis.

In December 2014, the Company sold a majority interest in one of its wholly-owned guarantor subsidiaries, A.S.V. Inc. ("ASV"). As a result, ASV and its wholly-owned subsidiary were no longer guarantors of the various notes of the Company and were deconsolidated by the Company at December 31, 2014. The changes made to wholly-owned guarantor subsidiaries did not impact the Company's previously reported consolidated net operating results, financial position or cash flows.

The condensed consolidating statements of income (loss) and cash flows for the year ended December 31, 2014 have been retrospectively adjusted to reflect this update to our wholly-owned guarantor subsidiaries as though ASV had been a non-guarantor in all applicable periods presented.

TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF INCOME (LOSS)
YEAR ENDED DECEMBER 31, 2016
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net sales
$
5.9

 
$
2,473.6

 
$
2,741.2

 
$
(777.6
)
 
$
4,443.1

Cost of goods sold
(5.1
)
 
(2,160.4
)
 
(2,324.7
)
 
759.5

 
(3,730.7
)
Gross profit
0.8

 
313.2

 
416.5

 
(18.1
)
 
712.4

Selling, general and administrative expenses
(72.0
)
 
(240.4
)
 
(389.9
)
 
18.1

 
(684.2
)
Goodwill and intangible asset impairment
—

 
(43.4
)
 
(132.6
)
 
—

 
(176.0
)
Income (loss) from operations
(71.2
)
 
29.4

 
(106.0
)
 
—

 
(147.8
)
Interest income
96.9

 
68.7

 
1.9

 
(163.2
)
 
4.3

Interest expense
(149.2
)
 
(8.4
)
 
(107.6
)
 
163.2

 
(102.0
)
Income (loss) from subsidiaries
43.5

 
8.2

 
(4.1
)
 
(47.6
)
 
—

Other income (expense) – net
(56.9
)
 
49.5

 
(17.8
)
 
—

 
(25.2
)
Income (loss) from continuing operations before income taxes
(136.9
)
 
147.4

 
(233.6
)
 
(47.6
)
 
(270.7
)
(Provision for) benefit from income taxes
(56.4
)
 
43.5

 
90.3

 
—

 
77.4

Income (loss) from continuing operations
(193.3
)
 
190.9

 
(143.3
)
 
(47.6
)
 
(193.3
)
Income from discontinued operations – net of tax
14.3

 
6.4

 
13.9

 
(20.3
)
 
14.3

Gain (loss) on disposition of discontinued operations – net of tax
0.5

 
—

 
3.0

 
—

 
3.5

Net income (loss)
(178.5
)
 
197.3

 
(126.4
)
 
(67.9
)
 
(175.5
)
Net loss (income) from continuing operations attributable to noncontrolling interest
—

 
—

 
0.3

 
—

 
0.3

Net loss (income) from discontinued operations attributable to noncontrolling interest
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Net income (loss) attributable to Terex Corporation
$
(178.5
)
 
$
197.3

 
$
(127.0
)
 
$
(67.9
)
 
$
(176.1
)
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss), net of tax
$
(305.9
)
 
$
195.8

 
$
(112.9
)
 
$
(82.7
)
 
$
(305.7
)
Comprehensive loss (income) attributable to noncontrolling interest
—

 
—

 
(0.2
)
 
—

 
(0.2
)
Comprehensive income (loss) attributable to Terex Corporation
$
(305.9
)
 
$
195.8

 
$
(113.1
)
 
$
(82.7
)
 
$
(305.9
)

TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF INCOME (LOSS)
YEAR ENDED DECEMBER 31, 2015
(in millions)

 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net sales
$
10.0

 
$
3,008.0

 
$
2,928.0

 
$
(924.3
)
 
$
5,021.7

Cost of goods sold
(8.0
)
 
(2,503.5
)
 
(2,463.3
)
 
924.3

 
(4,050.5
)
Gross profit
2.0

 
504.5

 
464.7

 
—

 
971.2

Selling, general and administrative expenses
(26.8
)
 
(260.5
)
 
(360.2
)
 
—

 
(647.5
)
Income (loss) from operations
(24.8
)
 
244.0

 
104.5

 
—

 
323.7

Interest income
103.6

 
68.7

 
1.9

 
(170.4
)
 
3.8

Interest expense
(155.2
)
 
(6.5
)
 
(116.8
)
 
170.4

 
(108.1
)
Income (loss) from subsidiaries
239.3

 
8.6

 
(3.0
)
 
(244.9
)
 
—

Other income (expense) – net
(67.7
)
 
41.1

 
2.9

 
—

 
(23.7
)
Income (loss) from continuing operations before income taxes
95.2

 
355.9

 
(10.5
)
 
(244.9
)
 
195.7

(Provision for) benefit from income taxes
33.0

 
(79.5
)
 
(21.0
)
 
—

 
(67.5
)
Income (loss) from continuing operations
128.2

 
276.4

 
(31.5
)
 
(244.9
)
 
128.2

Income (loss) from discontinued operations – net of tax
17.5

 
2.4

 
18.6

 
(21.1
)
 
17.4

Gain (loss) on disposition of discontinued operations – net of tax
0.7

 
—

 
2.7

 
—

 
3.4

Net income (loss)
146.4

 
278.8

 
(10.2
)
 
(266.0
)
 
149.0

Net loss (income) from continuing operations attributable to noncontrolling interest
—

 
—

 
0.2

 
—

 
0.2

Net loss (income) from discontinued operations attributable to noncontrolling interest
—

 
—

 
(3.3
)
 
—

 
(3.3
)
Net income (loss) attributable to Terex Corporation
$
146.4

 
$
278.8

 
$
(13.3
)
 
$
(266.0
)
 
$
145.9

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss), net of tax
(73.9
)
 
277.1

 
(166.3
)
 
(107.8
)
 
(70.9
)
Comprehensive loss (income) attributable to noncontrolling interest
—

 
—

 
(3.0
)
 
—

 
(3.0
)
Comprehensive income (loss) attributable to Terex Corporation
$
(73.9
)
 
$
277.1

 
$
(169.3
)
 
$
(107.8
)
 
$
(73.9
)

TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF INCOME (LOSS)
YEAR ENDED DECEMBER 31, 2014
(in millions)

 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net sales
$
42.5

 
$
3,257.0

 
$
3,210.2

 
$
(1,025.7
)
 
$
5,484.0

Cost of goods sold
(39.2
)
 
(2,679.8
)
 
(2,739.2
)
 
1,025.7

 
(4,432.5
)
Gross profit
3.3

 
577.2

 
471.0

 
—

 
1,051.5

Selling, general and administrative expenses
(29.4
)
 
(237.4
)
 
(384.7
)
 
—

 
(651.5
)
Income (loss) from operations
(26.1
)
 
339.8

 
86.3

 
—

 
400.0

Interest income
129.7

 
73.8

 
3.9

 
(201.4
)
 
6.0

Interest expense
(170.5
)
 
(16.6
)
 
(137.0
)
 
201.4

 
(122.7
)
Income (loss) from subsidiaries
348.8

 
9.4

 
(2.9
)
 
(355.3
)
 
—

Other income (expense) – net
(36.1
)
 
4.7

 
26.7

 
—

 
(4.7
)
Income (loss) from continuing operations before income taxes
245.8

 
411.1

 
(23.0
)
 
(355.3
)
 
278.6

(Provision for) benefit from income taxes
6.2

 
(24.3
)
 
(8.5
)
 
—

 
(26.6
)
Income (loss) from continuing operations
252.0

 
386.8

 
(31.5
)
 
(355.3
)
 
252.0

Income (loss) from discontinued operations – net of tax
8.9

 
5.4

 
8.0

 
(13.4
)
 
8.9

Gain (loss) on disposition of discontinued operations – net of tax
7.3

 
—

 
50.7

 
0.6

 
58.6

Net income (loss)
268.2

 
392.2

 
27.2

 
(368.1
)
 
319.5

Net loss (income) from continuing operations attributable to noncontrolling interest
—

 
—

 
1.5

 
—

 
1.5

Net loss (income) from discontinued operations attributable to noncontrolling interest
—

 
—

 
(2.0
)
 
—

 
(2.0
)
Net income (loss) attributable to Terex Corporation
$
268.2

 
$
392.2

 
$
26.7

 
$
(368.1
)
 
$
319.0

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss), net of tax
$
5.7

 
$
388.8

 
$
(223.1
)
 
$
(165.3
)
 
$
6.1

Comprehensive loss (income) attributable to noncontrolling interest
—

 
—

 
(0.4
)
 
—

 
(0.4
)
Comprehensive income (loss) attributable to Terex Corporation
$
5.7

 
$
388.8

 
$
(223.5
)
 
$
(165.3
)
 
$
5.7



TEREX CORPORATION
CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2016
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
50.7

 
$
0.4

 
$
377.4

 
$
—

 
$
428.5

Trade receivables – net
5.2

 
167.0

 
340.3

 
—

 
512.5

Intercompany receivables
28.7

 
37.8

 
88.8

 
(155.3
)
 
—

Inventories
0.5

 
310.6

 
542.7

 
—

 
853.8

Prepaid and other current assets
55.3

 
71.1

 
46.4

 
—

 
172.8

Current assets held for sale
—

 
15.1

 
717.8

 
—

 
732.9

Total current assets
140.4

 
602.0

 
2,113.4

 
(155.3
)
 
2,700.5

Property, plant and equipment – net
32.7

 
148.4

 
123.5

 
—

 
304.6

Goodwill
—

 
120.7

 
139.0

 
—

 
259.7

Non-current intercompany receivables
1,257.8

 
2,917.2

 
13.1

 
(4,188.1
)
 
—

Investment in and advances to (from) subsidiaries
4,120.8

 
90.9

 
94.1

 
(4,278.6
)
 
27.2

Other assets
109.8

 
175.8

 
257.9

 
—

 
543.5

Non-current assets held for sale
0.1

 
119.7

 
1,051.5

 
—

 
1,171.3

Total assets
$
5,661.6

 
$
4,174.7

 
$
3,792.5

 
$
(8,622.0
)
 
$
5,006.8

 
 
 
 
 
 
 
 
 
 
Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Current liabilities
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
—

 
$
0.2

 
$
13.6

 
$
—

 
$
13.8

Trade accounts payable
40.3

 
197.6

 
284.8

 
—

 
522.7

Intercompany payables
4.0

 
42.3

 
109.0

 
(155.3
)
 
—

Accruals and other current liabilities
62.3

 
113.3

 
241.1

 
—

 
416.7

Current liabilities held for sale
—

 
13.3

 
440.5

 
—

 
453.8

Total current liabilities
106.6

 
366.7

 
1,089.0

 
(155.3
)
 
1,407.0

Long-term debt, less current portion
1,140.4

 
—

 
421.6

 
—

 
1,562.0

Non-current intercompany payables
2,884.3

 
—

 
1,303.8

 
(4,188.1
)
 
—

Other non-current liabilities
45.6

 
34.8

 
124.1

 
—

 
204.5

Non-current liabilities held for sale
—

 
—

 
312.1

 
—

 
312.1

Total stockholders’ equity
1,484.7

 
3,773.2

 
541.9

 
(4,278.6
)
 
1,521.2

Total liabilities, noncontrolling interest and stockholders’ equity
$
5,661.6

 
$
4,174.7

 
$
3,792.5

 
$
(8,622.0
)
 
$
5,006.8


TEREX CORPORATION
CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2015
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
91.7

 
$
0.2

 
$
279.3

 
$
—

 
$
371.2

Trade receivables – net
5.2

 
241.7

 
456.4

 
—

 
703.3

Intercompany receivables
57.5

 
55.3

 
64.7

 
(177.5
)
 
—

Inventories
—

 
424.2

 
639.4

 
—

 
1,063.6

Prepaid and other current assets
108.6

 
33.9

 
110.0

 
—

 
252.5

Current assets held for sale
—

 
17.1

 
732.5

 
—

 
749.6

Total current assets
263.0

 
772.4

 
2,282.3

 
(177.5
)
 
3,140.2

Property, plant and equipment – net
57.9

 
145.9

 
168.1

 
—

 
371.9

Goodwill
—

 
162.2

 
296.9

 
—

 
459.1

Non-current intercompany receivables
1,353.8

 
2,786.4

 
72.9

 
(4,213.1
)
 
—

Investment in and advances to (from) subsidiaries
4,010.2

 
94.4

 
95.2

 
(4,154.5
)
 
45.3

Other assets
29.2

 
104.3

 
305.5

 
—

 
439.0

Non-current assets held for sale
—

 
29.5

 
1,131.0

 
—

 
1,160.5

Total assets
$
5,714.1

 
$
4,095.1

 
$
4,351.9

 
$
(8,545.1
)
 
$
5,616.0

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Current liabilities
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
—

 
$
0.7

 
$
65.7

 
$
—

 
$
66.4

Trade accounts payable
21.4

 
222.8

 
316.5

 
—

 
560.7

Intercompany payables
3.1

 
56.6

 
117.8

 
(177.5
)
 
—

Accruals and other current liabilities
59.8

 
113.5

 
212.2

 
—

 
385.5

Current liabilities held for sale
—

 
17.6

 
428.4

 
—

 
446.0

Total current liabilities
84.3

 
411.2

 
1,140.6

 
(177.5
)
 
1,458.6

Long-term debt, less current portion
1,138.1

 
1.2

 
590.5

 
—

 
1,729.8

Non-current intercompany payables
2,562.3

 
—

 
1,650.8

 
(4,213.1
)
 
—

Other non-current liabilities
52.0

 
35.3

 
129.8

 
—

 
217.1

Non-current liabilities held for sale
—

 
—

 
298.5

 
—

 
298.5

Total stockholders’ equity
1,877.4

 
3,647.4

 
541.7

 
(4,154.5
)
 
1,912.0

Total liabilities, noncontrolling interest and stockholders’ equity
$
5,714.1

 
$
4,095.1

 
$
4,351.9

 
$
(8,545.1
)
 
$
5,616.0


TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2016
(in millions)

 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(253.0
)
 
$
420.7

 
$
193.6

 
$
5.7

 
$
367.0

Cash flows from investing activities
 
 
 
 
 
 
 
 
 

Capital expenditures
(2.4
)
 
(32.0
)
 
(38.6
)
 
—

 
(73.0
)
Acquisitions, net of cash acquired
—

 
—

 
(7.0
)
 
—

 
(7.0
)
Proceeds (payments) from disposition of discontinued operations
—

 
—

 
3.5

 
—

 
3.5

Proceeds from sale of assets
0.1

 
5.4

 
61.7

 
—

 
67.2

Intercompany investing activities (1)
327.0

 
(97.5
)
 
(23.4
)
 
(206.1
)
 
—

Other investing activities, net
—

 
—

 
26.6

 
(29.1
)
 
(2.5
)
Net cash provided by (used in) investing activities
324.7

 
(124.1
)
 
22.8

 
(235.2
)
 
(11.8
)
Cash flows from financing activities
 

 
 

 
 

 
 
 
 

Repayments of debt
(1,013.2
)
 
(1.7
)
 
(271.4
)
 
—

 
(1,286.3
)
Proceeds from issuance of debt
1,013.4

 
—

 
84.3

 
—

 
1,097.7

Proceeds from (purchase of) noncontrolling interest, net
—

 
—

 
2.9

 
—

 
2.9

Intercompany financing activities (1)
—

 
(297.1
)
 
67.6

 
229.5

 
—

Share repurchases
(82.7
)
 
—

 
—

 
—

 
(82.7
)
Dividends paid
(30.0
)
 
—

 
—

 
—

 
(30.0
)
Other financing activities, net
—

 
—

 
(1.7
)
 
—

 
(1.7
)
Net cash provided by (used in) financing activities
(112.5
)
 
(298.8
)
 
(118.3
)
 
229.5

 
(300.1
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(19.7
)
 
—

 
(19.7
)
Net increase (decrease) in cash and cash equivalents
(40.8
)
 
(2.2
)
 
78.4

 
—

 
35.4

Cash and cash equivalents, beginning of period
91.6

 
3.1

 
371.8

 
—

 
466.5

Cash and cash equivalents, end of period
$
50.8

 
$
0.9

 
$
450.2

 
$
—

 
$
501.9


(1)
Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.
TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2015
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(510.0
)
 
$
647.6

 
$
277.4

 
$
(202.1
)
 
$
212.9

Cash flows from investing activities
 

 
 
 
 

 
 
 
 

Capital expenditures
(1.6
)
 
(41.9
)
 
(60.3
)
 
—

 
(103.8
)
Acquisitions, net of cash acquired
—

 
(52.1
)
 
(19.1
)
 
—

 
(71.2
)
Proceeds from disposition of discontinued operations
(3.4
)
 
—

 
3.2

 
—

 
(0.2
)
Proceeds from sale of assets
(1.0
)
 
0.9

 
3.2

 
—

 
3.1

Intercompany investing activities (1)
713.3

 
—

 
(231.6
)
 
(481.7
)
 
—

Other investing activities, net
—

 
—

 
33.9

 
(34.5
)
 
(0.6
)
Net cash provided by (used in) investing activities
707.3


(93.1
)
 
(270.7
)
 
(516.2
)

(172.7
)
Cash flows from financing activities
 

 
 

 
 

 
 
 
 

Repayments of debt
(1,317.4
)
 
(7.8
)
 
(72.6
)
 
—

 
(1,397.8
)
Proceeds from issuance of debt
1,188.7

 
—

 
274.1

 
—

 
1,462.8

Proceeds from (purchase of) noncontrolling interest, net
—

 
—

 
(1.2
)
 
—

 
(1.2
)
Intercompany financing activities (1)
—

 
(545.5
)
 
(172.8
)
 
718.3

 
—

Share repurchases
(50.8
)
 
—

 
—

 
—

 
(50.8
)
Dividends paid
(25.8
)
 
—

 
—

 
—

 
(25.8
)
Other financing activities, net
0.6

 
—

 
(2.2
)
 
—

 
(1.6
)
Net cash provided by (used in) financing activities
(204.7
)
 
(553.3
)
 
25.3

 
718.3

 
(14.4
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(37.5
)
 
—

 
(37.5
)
Net increase (decrease) in cash and cash equivalents
(7.4
)
 
1.2

 
(5.5
)
 
—

 
(11.7
)
Cash and cash equivalents, beginning of period
99.0

 
1.9

 
377.3

 
—

 
478.2

Cash and cash equivalents, end of period
$
91.6

 
$
3.1

 
$
371.8

 
$
—

 
$
466.5


(1)
Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.
TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2014
(in millions)

 
Terex
Corporation
 
Wholly-
owned
Guarantors
 
Non-
guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(113.4
)
 
$
901.9

 
$
35.2

 
$
(413.0
)
 
$
410.7

Cash flows from investing activities
 

 
 

 
 

 
 

 
 

Capital expenditures
(4.4
)
 
(31.8
)
 
(45.3
)
 
—

 
(81.5
)
Acquisitions, net of cash acquired
—

 
—

 
(7.4
)
 
—

 
(7.4
)
 Other investments
(20.0
)
 
—

 
—

 
—

 
(20.0
)
Proceeds (payments) from disposition of discontinued operations
31.3

 
—

 
130.9

 
—

 
162.2

Proceeds from sale of assets
25.0

 
12.1

 
6.2

 
—

 
43.3

Intercompany investing activities (1)
363.5

 
—

 
—

 
(363.5
)
 
—

Other investing activities, net
—

 
—

 
(1.6
)
 
—

 
(1.6
)
Net cash provided by (used in) investing activities
395.4


(19.7
)

82.8

 
(363.5
)
 
95.0

Cash flows from financing activities
 

 
 

 
 

 
 

 
 

Repayments of debt
(1,018.8
)
 
(3.2
)
 
(779.8
)
 
—

 
(1,801.8
)
Proceeds from issuance of debt
1,011.0

 
7.2

 
666.0

 
—

 
1,684.2

Purchase of noncontrolling interest
—

 
—

 
(78.6
)
 
—

 
(78.6
)
Intercompany financing activities (1)
—

 
(888.2
)
 
111.7

 
776.5

 
—

Share repurchases
(171.2
)
 
—

 
—

 
—

 
(171.2
)
Dividends paid
(21.8
)
 
—

 
—

 
—

 
(21.8
)
Other financing activities, net
1.5

 
—

 
(9.0
)
 
—

 
(7.5
)
Net cash provided by (used in) financing activities
(199.3
)
 
(884.2
)
 
(89.7
)
 
776.5

 
(396.7
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(38.9
)
 
—

 
(38.9
)
Net increase (decrease) in cash and cash equivalents
82.7

 
(2.0
)
 
(10.6
)
 
—

 
70.1

Cash and cash equivalents, beginning of period
16.3

 
3.9

 
387.9

 
—

 
408.1

Cash and cash equivalents, end of period
$
99.0

 
$
1.9

 
$
377.3

 
$
—

 
$
478.2



(1)
Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.