Terex TEX Gain (loss) on disposal of assets
Discontinued — last reported Q4 '23
Gain (loss) on disposal of assets at other companies
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Where this comes from
Reported directly by Terex in its filing.
Tagged under the XBRL concept us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal.
The source filing: Terex’s 10-K, filed February 9, 2024.
- Filed
- Feb 9, 2024
- Fiscal year
- FY2023
- Accession
- 0000097216-24-000013
Long-lived assets expected to be sold or otherwise disposed of within one year are classified as assets held for sale and included in Other assets in the Consolidated Balance Sheet. The Company classified a facility as an asset held for sale in its AWP segment, as part of realignment of its manufacturing footprint, at December 31, 2022, with a carrying value of approximately $31 million. In April 2023, the Company completed the sale of the facility and recognized a gain of approximately $2 million, included in Selling, general and administrative expenses.
ITEM 16. FORM 10-K SUMMARY
FAQ
- What is Terex's gain (loss) on disposal of assets?
- Terex (TEX) reported gain (loss) on disposal of assets of $500K in Q4 2023.
- What does gain (loss) on disposal of assets mean?
- Gains or losses recognized on the disposal of businesses, property, equipment, investments, or other assets at prices above or below their carrying value.
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