v3.26.1
Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Related to Foreign Currency Exchange Contracts Accounted for at Fair Value

The following table sets forth the Company’s financial assets and liabilities related to foreign currency exchange contracts (“FX Forward Contracts”) and The Manitowoc Company, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan") that were accounted for at fair value as of March 31, 2026 and December 31, 2025.

 

 

 

Fair Value as of March 31, 2026

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Recognized Location

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Compensation Plan - Program B

 

$

9.2

 

 

$

—

 

 

$

—

 

 

$

9.2

 

 

 Other non-current assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

—

 

 

$

0.6

 

 

$

—

 

 

$

0.6

 

 

 Accounts payable and
   accrued expenses

 

 

 

Fair Value as of December 31, 2025

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Recognized Location

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

—

 

 

$

0.6

 

 

$

—

 

 

$

0.6

 

 

 Other current assets

Deferred Compensation Plan - Program B

 

 

9.5

 

 

 

—

 

 

 

—

 

 

 

9.5

 

 

 Other non-current assets

Total assets at fair value

 

$

9.5

 

 

$

0.6

 

 

$

—

 

 

$

10.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

—

 

 

$

0.5

 

 

$

—

 

 

$

0.5

 

 

 Accounts payable and
   accrued expenses