2019 Q2 Form 10-Q Financial Statement

#000117351419000073 Filed on July 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $856.2M $765.9M
YoY Change 11.79% 11.73%
Cost Of Revenue $716.8M $640.6M
YoY Change 11.9% 13.62%
Gross Profit $139.4M $125.3M
YoY Change 11.25% 2.96%
Gross Profit Margin 16.28% 16.36%
Selling, General & Admin $116.5M $114.5M
YoY Change 1.75% 9.88%
% of Gross Profit 83.57% 91.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.80M $9.400M
YoY Change 14.89% -12.96%
% of Gross Profit 7.75% 7.5%
Operating Expenses $116.5M $114.5M
YoY Change 1.75% 9.88%
Operating Profit $22.90M $10.80M
YoY Change 112.04% -38.29%
Interest Expense $5.100M $4.000M
YoY Change 27.5% 53.85%
% of Operating Profit 22.27% 37.04%
Other Income/Expense, Net -$1.600M -$1.300M
YoY Change 23.08% -262.5%
Pretax Income $21.30M $9.500M
YoY Change 124.21% -48.09%
Income Tax $4.400M $3.800M
% Of Pretax Income 20.66% 40.0%
Net Earnings $16.20M $5.600M
YoY Change 189.29% -65.85%
Net Earnings / Revenue 1.89% 0.73%
Basic Earnings Per Share $0.97 $0.34
Diluted Earnings Per Share $0.97 $0.34
COMMON SHARES
Basic Shares Outstanding 16.66M shares 16.55M shares
Diluted Shares Outstanding 16.71M shares 16.59M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.30M $152.4M
YoY Change -66.99% -36.47%
Cash & Equivalents $50.30M $152.4M
Short-Term Investments
Other Short-Term Assets $52.50M $56.40M
YoY Change -6.91% 37.56%
Inventory $599.0M $467.1M
Prepaid Expenses
Receivables $530.8M $424.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.233B $1.101B
YoY Change 11.99% 4.8%
LONG-TERM ASSETS
Property, Plant & Equipment $296.8M $286.8M
YoY Change 3.49% 13.05%
Goodwill $108.0M $55.10M
YoY Change 96.01% -1.08%
Intangibles $63.90M $70.30M
YoY Change -9.1% 22.47%
Long-Term Investments $76.40M $63.30M
YoY Change 20.7% 14.47%
Other Assets $115.8M $40.70M
YoY Change 184.52% 49.08%
Total Long-Term Assets $688.2M $609.4M
YoY Change 12.93% 25.03%
TOTAL ASSETS
Total Short-Term Assets $1.233B $1.101B
Total Long-Term Assets $688.2M $609.4M
Total Assets $1.921B $1.710B
YoY Change 12.33% 11.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $429.2M $432.0M
YoY Change -0.65% 21.62%
Accrued Expenses $64.60M $38.30M
YoY Change 68.67% -40.16%
Deferred Revenue
YoY Change
Short-Term Debt $76.20M $9.200M
YoY Change 728.26% 135.9%
Long-Term Debt Due $91.30M $63.50M
YoY Change 43.78% -3.93%
Total Short-Term Liabilities $888.3M $730.4M
YoY Change 21.62% 16.23%
LONG-TERM LIABILITIES
Long-Term Debt $203.4M $200.4M
YoY Change 1.5% -13.02%
Other Long-Term Liabilities $197.1M $130.2M
YoY Change 51.38% 56.49%
Total Long-Term Liabilities $197.1M $130.2M
YoY Change 51.38% 56.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $888.3M $730.4M
Total Long-Term Liabilities $197.1M $130.2M
Total Liabilities $1.351B $1.120B
YoY Change 20.59% 11.19%
SHAREHOLDERS EQUITY
Retained Earnings $421.8M $403.4M
YoY Change 4.56% 4.81%
Common Stock $318.7M $318.4M
YoY Change 0.09% -0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.70M $24.80M
YoY Change -32.66% -22.98%
Treasury Stock Shares
Shareholders Equity $537.6M $557.3M
YoY Change
Total Liabilities & Shareholders Equity $1.921B $1.710B
YoY Change 12.33% 11.21%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $16.20M $5.600M
YoY Change 189.29% -65.85%
Depreciation, Depletion And Amortization $10.80M $9.400M
YoY Change 14.89% -12.96%
Cash From Operating Activities -$48.50M $23.50M
YoY Change -306.38% -38.64%
INVESTING ACTIVITIES
Capital Expenditures -$9.800M -$8.600M
YoY Change 13.95% -18.1%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$73.90M
YoY Change -100.27% 1349.02%
Cash From Investing Activities -$9.600M -$82.50M
YoY Change -88.36% 428.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.50M -11.80M
YoY Change -544.92% -107.89%
NET CHANGE
Cash From Operating Activities -48.50M 23.50M
Cash From Investing Activities -9.600M -82.50M
Cash From Financing Activities 52.50M -11.80M
Net Change In Cash -5.600M -70.80M
YoY Change -92.09% -141.09%
FREE CASH FLOW
Cash From Operating Activities -$48.50M $23.50M
Capital Expenditures -$9.800M -$8.600M
Free Cash Flow -$38.70M $32.10M
YoY Change -220.56% -34.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Year Focus
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2019
dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Entity File Number
EntityFileNumber
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dei Document Fiscal Period Focus
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hy Deferred Revenue Description606
DeferredRevenueDescription606
The Company defers revenue for transactions that have not met the criteria for recognition at the time payment is collected, including extended warranties and maintenance contracts. In addition, for certain products, services and customer types, the Company collects payment prior to the transfer of control to the customer.
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us-gaap Revenue Information Used To Assess Variable Consideration Constraint
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The Company also records variable consideration in the form of estimated reductions to revenues for customer programs and incentive offerings, including special pricing agreements, promotions and other volume-based incentives. Lift truck sales revenue is recorded net of estimated discounts. The estimated discount amount is based upon historical experience and trend analysis for each lift truck model. In addition to standard discounts, dealers can also request additional discounts that allow them to offer price concessions to customers. From time to time, the Company offers special incentives to increase market share or dealer stock and offers certain customers volume rebates if a specified cumulative level of purchases is obtained. customers. From time to time, the Company offers special incentives to increase market share or dealer stock and offers certain customers volume rebates if a specified cumulative level of purchases is obtained.
us-gaap Revenue Performance Obligation Description Of Returns And Other Similar Obligations
RevenuePerformanceObligationDescriptionOfReturnsAndOtherSimilarObligations
When customers are given the right to return eligible parts and accessories, the Company estimates the expected returns based on an analysis of historical experience. The Company adjusts estimated revenues at the earlier of when the most likely amount of consideration expected to be received changes or when the consideration becomes fixed.
us-gaap Revenue Performance Obligation Description Of Timing
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Revenue is recognized when obligations under the terms of a contract with the customer are satisfied which occurs when control of the trucks, parts, or services are transferred to the customer. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. The satisfaction of performance obligations under the terms of a revenue contract generally gives rise for the right to payment from the customer. The Company's standard payment terms vary by the type and location of the customer and the products or services offered. Generally, the time between when revenue is recognized and when payment is due is not significant. Given the insignificant days between revenue recognition and receipt of payment, financing components do not exist between the Company and its customers. Taxes collected from customers are excluded from revenue. The estimated costs of product warranties are recognized as expense when the products are sold. See Note 16 for further information on product warranties.
us-gaap Revenue Performance Obligation Satisfied At Point In Time Transfer Of Control
RevenuePerformanceObligationSatisfiedAtPointInTimeTransferOfControl
The majority of the Company's sales contracts contain performance obligations satisfied at a point in time when title and risks and rewards of ownership have transferred to the customer. Revenue for service contracts are recognized as the services are provided. Dealer sales are recognized when the Company transfers control based on the shipping terms of the contract, which is generally when the truck is shipped from the manufacturing facility to the dealers. The majority of direct customer sales are to National Account customers. In these transactions, the Company transfers control and recognizes revenue when it delivers the product to the customer according to the terms of the contract. Bolzoni revenue is primarily the sale of attachments to customers. In these transactions, the Company transfers control and recognizes revenue according to the shipping terms of the contract. Nuvera's revenues are primarily the sale of battery box replacement ("BBR") units to HYG for sale to a dealer.
us-gaap Revenue Performance Obligation Satisfied Over Time Method Used Description
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Aftermarket sales represent parts sales, extended warranty and maintenance services. For the sale of aftermarket parts, the Company transfers control and recognizes revenue when parts are shipped to the customer. The Company recognizes revenue for extended warranty and maintenance agreements based on the standalone selling price over the life of the contract, which reflects the costs to perform under these contracts and corresponds with, and thereby depicts, the transfer of control to the customer.
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dei Entity Registrant Name
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HYSTER-YALE MATERIALS HANDLING, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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5875 LANDERBROOK DRIVE, SUITE 300
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dei City Area Code
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dei Entity Address State Or Province
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dei Security12b Title
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16550000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16628000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16525000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16709000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16587000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16695000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16578000 shares
CY2019Q2 us-gaap Profit Loss
ProfitLoss
16900000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
5700000 USD
us-gaap Profit Loss
ProfitLoss
20100000 USD
us-gaap Profit Loss
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20600000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2500000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-18400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
2000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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1200000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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700000 USD
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1400000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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15100000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
700000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
500000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-1100000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
21600000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-38400000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14600000 USD
us-gaap Comprehensive Income Net Of Tax
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600000 USD
us-gaap Profit Loss
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20100000 USD
us-gaap Profit Loss
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20600000 USD
us-gaap Depreciation Depletion And Amortization
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22000000.0 USD
us-gaap Depreciation Depletion And Amortization
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20800000 USD
us-gaap Amortization Of Financing Costs
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1000000.0 USD
us-gaap Amortization Of Financing Costs
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900000 USD
us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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2500000 USD
us-gaap Share Based Compensation
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4800000 USD
us-gaap Share Based Compensation
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1900000 USD
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5100000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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22200000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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70100000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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48200000 USD
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2500000 USD
us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Accounts Payable
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15800000 USD
us-gaap Increase Decrease In Accounts Payable
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18700000 USD
us-gaap Increase Decrease In Other Current Liabilities
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700000 USD
us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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52000000.0 USD
us-gaap Payments To Acquire Property Plant And Equipment
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18400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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16000000.0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
800000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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74300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Long Term Debt
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46100000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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16800000 USD
us-gaap Repayments Of Long Term Debt
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40800000 USD
us-gaap Repayments Of Long Term Debt
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34600000 USD
us-gaap Line Of Credit Facility Increase Decrease For Period Net
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us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
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us-gaap Payments Of Dividends Common Stock
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10400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10100000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
100000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
300000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
400000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
600000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200000 USD
us-gaap Payments For Repurchase Of Common Stock
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600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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56100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
83700000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220100000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50300000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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608000000.0 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1200000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018Q2 us-gaap Profit Loss
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5700000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
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5400000 USD
CY2019Q2 us-gaap Profit Loss
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16900000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
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5300000 USD
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1100000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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2200000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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1300000 USD
CY2018Q2 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
589900000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
551400000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1700000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
570100000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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572400000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1900000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Profit Loss
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20600000 USD
us-gaap Dividends Common Stock Cash
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-200000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
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27000000.0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-1100000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
589900000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
559500000 USD
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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1400000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4800000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
us-gaap Treasury Stock Value Acquired Cost Method
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200000 USD
us-gaap Profit Loss
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20100000 USD
us-gaap Dividends Common Stock Cash
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10500000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4900000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
570100000 USD
CY2019Q2 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.75
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Reasons
BusinessCombinationProvisionalInformationInitialAccountingIncompleteReasons
During the second quarter of 2019, the Company completed the purchase price allocation for Hyster-Yale Maximal. There were no changes in the purchase price allocation for Hyster-Yale Maximal during the first six months of 2019.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain amounts in the prior period’s unaudited condensed consolidated financial statements have been reclassified to conform to the current period’s presentation.
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
us-gaap Revenues
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1691000000.0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 USD
us-gaap Use Of Estimates
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<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">These financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of the Company as of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and the results of its operations and changes in equity for the </span><span style="font-family:inherit;font-size:10pt;">three</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">six months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, and the results of its cash flows for the </span><span style="font-family:inherit;font-size:10pt;">six months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;"> have been included. These unaudited condensed consolidated financial statements should be read in conjunction </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated balance sheet at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> has been derived from the audited financial statements at that date but does not include all of the information or notes required by U.S. generally accepted accounting principles for complete financial statements.</span></div>
CY2018Q2 us-gaap Revenues
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765900000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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0 USD
CY2019Q2 us-gaap Revenues
Revenues
856200000 USD
us-gaap Revenues
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1554400000 USD
CY2018Q4 us-gaap Deferred Revenue
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61800000 USD
us-gaap Deferred Revenue Additions
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38200000 USD
us-gaap Deferred Revenue Revenue Recognized1
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23200000 USD
CY2019Q2 us-gaap Deferred Revenue
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76800000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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36400000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
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119100000 USD
CY2018Q4 us-gaap Deferred Tax Assets Net Noncurrent
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26300000 USD
CY2019Q1 us-gaap Deferred Tax Assets Net Noncurrent
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25800000 USD
CY2018Q4 us-gaap Other Liabilities Current
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154100000 USD
CY2019Q1 us-gaap Other Liabilities Current
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170400000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
130200000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
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194700000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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407300000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
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408700000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
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81200000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
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22000000.0 USD
CY2019Q2 hy Total Rightof Use Asset
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103200000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
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19000000.0 USD
CY2019Q2 us-gaap Finance Lease Liability Current
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6900000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
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66700000 USD
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
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8900000 USD
CY2019Q2 hy Total Lease Liability
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101500000 USD
CY2019Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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11500000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0336
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
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1800000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
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3600000 USD
us-gaap Lease Cost
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11100000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
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300000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
400000 USD
CY2019Q2 us-gaap Variable Lease Cost
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100000 USD
us-gaap Variable Lease Cost
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500000 USD
CY2019Q2 us-gaap Sublease Income
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3700000 USD
us-gaap Sublease Income
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5400000 USD
CY2019Q2 us-gaap Lease Cost
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4600000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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35800000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
11600000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
400000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1600000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11800000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3800000 USD
CY2019Q2 hy Lease Liability Payments Duein Next Twelve Months
LeaseLiabilityPaymentsDueinNextTwelveMonths
15600000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20400000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6700000 USD
CY2019Q2 hy Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
27100000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16100000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4000000.0 USD
CY2019Q2 hy Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
20100000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12800000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1200000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
800000 USD
CY2019Q2 hy Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
14000000.0 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9600000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
15800000 USD
CY2019Q2 hy Total Lease Liability
TotalLeaseLiability
101500000 USD
CY2019Q2 hy Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
10400000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
31200000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
100000 USD
CY2019Q2 hy Lease Liability Payments Dueafter Year Five
LeaseLiabilityPaymentsDueafterYearFive
31300000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
101900000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
16600000 USD
CY2019Q2 hy Lease Liability Payments Due
LeaseLiabilityPaymentsDue
118500000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16200000 USD
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
800000 USD
CY2019Q2 hy Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
17000000.0 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
85700000 USD
CY2019Q2 us-gaap Revenues
Revenues
856200000 USD
CY2018Q2 us-gaap Revenues
Revenues
765900000 USD
us-gaap Revenues
Revenues
1691000000.0 USD
us-gaap Revenues
Revenues
1554400000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
139400000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
125300000 USD
us-gaap Gross Profit
GrossProfit
265600000 USD
us-gaap Gross Profit
GrossProfit
257400000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22900000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
10800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
26300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
30000000.0 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
16200000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
5600000 USD
us-gaap Net Income Loss
NetIncomeLoss
19600000 USD
us-gaap Net Income Loss
NetIncomeLoss
20500000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21300000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26000000.0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29300000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4500000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2000000.0 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5500000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6200000 USD
CY2019Q2 hy Effective Income Tax Rate Reconciliation Interim Adjustment Amount
EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount
0 USD
CY2018Q2 hy Effective Income Tax Rate Reconciliation Interim Adjustment Amount
EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount
200000 USD
hy Effective Income Tax Rate Reconciliation Interim Adjustment Amount
EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount
400000 USD
hy Effective Income Tax Rate Reconciliation Interim Adjustment Amount
EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount
500000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-400000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
400000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-400000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
700000 USD
CY2019Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
300000 USD
CY2018Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
1200000 USD
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
400000 USD
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
1300000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4400000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8700000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.400
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.297
CY2018Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1100000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3400000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-1400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
800000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2500000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
3000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-4700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
2000000.0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-900000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
2000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3300000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1200000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1000000.0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-2000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1900000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-100000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-200000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1000000.0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
2000000.0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1700000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-300000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1400000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3200000 USD
CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1300000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4900000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-200000 USD
CY2019Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
351500000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
355100000 USD
CY2018Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
281000000.0 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
284200000 USD
us-gaap Discussion Of Objectives For Using Interest Rate Derivative Instruments
DiscussionOfObjectivesForUsingInterestRateDerivativeInstruments
The Company uses interest rate swap agreements to partially reduce risks related to floating rate financing agreements that are subject to changes in the market rate of interest. Terms of the interest rate swap agreements require the Company to receive a variable interest rate and pay a fixed interest rate. The Company's interest rate swap agreements and the associated variable rate financings are predominately based upon the one month LIBOR. Changes in the fair value of interest rate swap agreements that are effective as hedges are recorded in OCI. Deferred gains or losses are reclassified from OCI to the unaudited condensed consolidated statements of operations in the same period as the gains or losses from the underlying transactions are recorded and are generally recognized in interest expense.
CY2019Q2 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-2200000 USD
CY2018Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-1600000 USD
CY2019Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
200000 USD
CY2019Q2 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
6100000 USD
CY2018Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
8500000 USD
CY2019Q2 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
32600000 USD
CY2018Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
27600000 USD
CY2019Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
2300000 USD
CY2018Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
1900000 USD
CY2019Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
1600000 USD
CY2018Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
700000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
8400000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
10400000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
34200000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
28300000 USD
CY2019Q2 hy Derivative Asset Fair Value Gross Asset By Counterparty
DerivativeAssetFairValueGrossAssetByCounterparty
2800000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
2800000 USD
CY2019Q2 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2019Q2 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2019Q2 hy Derivative Liability Fair Value Gross Liability By Counterparty
DerivativeLiabilityFairValueGrossLiabilityByCounterparty
28600000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
2800000 USD
CY2019Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
25800000 USD
CY2019Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
25800000 USD
CY2018Q4 hy Derivative Asset Fair Value Gross Asset By Counterparty
DerivativeAssetFairValueGrossAssetByCounterparty
3900000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
2300000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
1600000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
1600000 USD
CY2018Q4 hy Derivative Liability Fair Value Gross Liability By Counterparty
DerivativeLiabilityFairValueGrossLiabilityByCounterparty
21800000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
2300000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
19500000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
19500000 USD
CY2019Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1900000 USD
CY2018Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1500000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2400000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-900000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
285600000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
248600000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
32200000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30000000.0 USD
CY2019Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
334900000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
307000000.0 USD
CY2019Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
652700000 USD
CY2018Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
585600000 USD
CY2019Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
53700000 USD
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
52000000.0 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
599000000.0 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
533600000 USD
CY2019Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.55
CY2018Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.51
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
56900000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
22800000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
500000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
17300000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
61900000 USD
CY2019Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
164100000 USD
CY2018Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
192700000 USD
hy Guarantor Obligations Collateral
GuarantorObligationsCollateral
234700000 USD
hy Percentage Of Loan Losses Guaranteed
PercentageOfLoanLossesGuaranteed
0.075
CY2019Q2 hy Loan Losses Guaranteed
LoanLossesGuaranteed
11300000 USD
CY2019Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
164100000 USD
hy Guarantor Obligations Related Party Disclosures
GuarantorObligationsRelatedPartyDisclosures
130600000 USD
CY2019Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
164100000 USD
hy Guarantor Obligations Related Party Disclosures
GuarantorObligationsRelatedPartyDisclosures
130600000 USD
hy Guarantor Obligations Related Party Disclosures
GuarantorObligationsRelatedPartyDisclosures
130600000 USD
CY2019Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
164100000 USD
CY2019Q2 hy Loan Losses Guaranteed
LoanLossesGuaranteed
11300000 USD
CY2019Q2 hy Loan Losses Guaranteed
LoanLossesGuaranteed
11300000 USD
hy Netguaranteeofoutstandingdebt
Netguaranteeofoutstandingdebt
146800000 USD
CY2019Q2 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
365900000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5100000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
22200000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
110600000 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
105000000.0 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
220000000.0 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
205500000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
37200000 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
31400000 USD
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
74900000 USD
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
63300000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
11000000.0 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
8500000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
21800000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
18700000 USD
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
11000000.0 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
8500000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
21800000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
18700000 USD
CY2019Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
3600000 USD
CY2018Q4 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
4100000 USD
CY2019Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-1200000 USD
CY2018Q2 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-2600000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-400000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-3000000.0 USD
us-gaap Severance Costs1
SeveranceCosts1
400000 USD
us-gaap Other Restructuring Costs
OtherRestructuringCosts
1000000.0 USD
CY2019Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
600000 USD
CY2019Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
300000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
400000 USD
us-gaap Subsequent Event Description
SubsequentEventDescription
Effective July 6, 2018, the U.S. Trade Representative imposed additional duties on goods imported from China as part of the action in the Section 301 investigation of China’s acts, policies and practices related to technology transfer, intellectual property and innovation. On April 18, 2019, the U.S. Trade Representative posted a notice announcing its determination to grant exclusion requests for additional duties on certain goods of China. The exclusions will apply retroactively to the July 6, 2018 effective date and will extend for one year after the notice of exclusions, or April 2020. Certain components of fork lift trucks, including counterweights and forks, were listed in the notice as exclusions for the additional duties. The Company recognized $4.9 million of tariff recoveries in the second quarter of 2019, which is included in the line "Cost of sales" in the unaudited condensed consolidated statement of operations. The Company is currently in the process of determining whether any additional duties are recoverable from the government and suppliers and the amount thereof. Other components and forklift trucks imported from China will continue to be subject to the additional duties.

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