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Business Segment Information (Tables) | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Net Sales by Product Lines and Reportable Segments | Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions):
|  | Fiscal Year Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 1,101.7 |  |  | $ | — |  |  | $ | 1,101.7 |  |  | $ | 1,944.4 |  |  | $ | — |  |  | $ | 1,944.4 |  |  | $ | 2,017.2 |  |  | $ | — |  |  | $ | 2,017.2 |
Telehandlers |  |  | 680.4 |  |  |  | — |  |  |  | 680.4 |  |  |  | 1,254.9 |  |  |  | — |  |  |  | 1,254.9 |  |  |  | 948.9 |  |  |  | — |  |  |  | 948.9 |
Other |  |  | 723.6 |  |  |  | 9.4 |  |  |  | 733.0 |  |  |  | 880.4 |  |  |  | — |  |  |  | 880.4 |  |  |  | 810.7 |  |  |  | — |  |  |  | 810.7 |
Total Access Equipment |  |  | 2,505.7 |  |  |  | 9.4 |  |  |  | 2,515.1 |  |  |  | 4,079.7 |  |  |  | — |  |  |  | 4,079.7 |  |  |  | 3,776.8 |  |  |  | — |  |  |  | 3,776.8 |
Defense |  |  | 2,260.3 |  |  |  | 1.9 |  |  |  | 2,262.2 |  |  |  | 2,030.3 |  |  |  | 1.8 |  |  |  | 2,032.1 |  |  |  | 1,827.3 |  |  |  | 1.6 |  |  |  | 1,828.9 |
Fire & Emergency |  |  | 1,138.1 |  |  |  | 9.0 |  |  |  | 1,147.1 |  |  |  | 1,249.8 |  |  |  | 16.3 |  |  |  | 1,266.1 |  |  |  | 1,053.6 |  |  |  | 16.1 |  |  |  | 1,069.7 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concrete placement |  |  | 403.5 |  |  |  | — |  |  |  | 403.5 |  |  |  | 439.9 |  |  |  | — |  |  |  | 439.9 |  |  |  | 491.8 |  |  |  | — |  |  |  | 491.8 |
Refuse collection |  |  | 437.2 |  |  |  | — |  |  |  | 437.2 |  |  |  | 451.9 |  |  |  | — |  |  |  | 451.9 |  |  |  | 438.3 |  |  |  | — |  |  |  | 438.3 |
Other |  |  | 110.6 |  |  |  | 6.5 |  |  |  | 117.1 |  |  |  | 128.3 |  |  |  | 2.1 |  |  |  | 130.4 |  |  |  | 116.7 |  |  |  | 7.9 |  |  |  | 124.6 |
Total Commercial |  |  | 951.3 |  |  |  | 6.5 |  |  |  | 957.8 |  |  |  | 1,020.1 |  |  |  | 2.1 |  |  |  | 1,022.2 |  |  |  | 1,046.8 |  |  |  | 7.9 |  |  |  | 1,054.7 |
Corporate and intersegment eliminations |  |  | 1.4 |  |  |  | (26.8 | ) |  |  | (25.4 | ) |  |  | 2.1 |  |  |  | (20.2 | ) |  |  | (18.1 | ) |  |  | 1.0 |  |  |  | (25.6 | ) |  |  | (24.6 | )
Consolidated |  | $ | 6,856.8 |  |  | $ | — |  |  | $ | 6,856.8 |  |  | $ | 8,382.0 |  |  | $ | — |  |  | $ | 8,382.0 |  |  | $ | 7,705.5 |  |  | $ | — |  |  | $ | 7,705.5 |
Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments |
|  | Fiscal Year Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Access Equipment (a) |  | $ | 198.6 |  |  | $ | 502.6 |  |  | $ | 387.5 |
Defense (b) |  |  | 183.5 |  |  |  | 203.3 |  |  |  | 225.4 |
Fire & Emergency (c) |  |  | 151.1 |  |  |  | 176.5 |  |  |  | 137.6 |
Commercial (d) |  |  | 81.2 |  |  |  | 66.8 |  |  |  | 67.5 |
Corporate (e) |  |  | (125.7 | ) |  |  | (152.2 | ) |  |  | (162.0 | )
Consolidated |  |  | 488.7 |  |  |  | 797.0 |  |  |  | 656.0 |
Interest expense, net of interest income (f) |  |  | (51.8 | ) |  |  | (47.6 | ) |  |  | (55.6 | )
Miscellaneous other (expense) income (g) |  |  | 2.2 |  |  |  | 1.3 |  |  |  | (5.8 | )
Income before income taxes and earnings (losses) of unconsolidated affiliates |  | $ | 439.1 |  |  | $ | 750.7 |  |  | $ | 594.6 |
(a) | Fiscal 2020 results include $10.4 million of restructuring costs and $4.7 million operating expenses related to restructuring plans. Fiscal 2018 results include $4.7 million of restructuring costs and $24.8 million of operating expenses related to restructuring plans.
(b) | Fiscal 2020 results include reimbursement of $0.9 million of legal costs associated with an arbitration settlement. Fiscal 2018 results include a $19.0 million gain for a litigation settlement (See Note 18 of the Notes to Consolidated Financial Statements for additional details regarding the settlement).
(c) | Fiscal 2020 includes $1.4 million of restructuring costs.
(d) | Fiscal 2020 results include $1.5 million of restructuring costs, $4.1 million of accelerated depreciation related to restructuring actions, a gain of $12.3 million arising from a business interruption insurance recovery and a gain on the sale of a business of $3.1 million. Fiscal 2018 results include $5.4 million of restructuring costs, a business interruption insurance gain of $6.6 million and a loss on the sale of a small product line of $1.4 million
(e) | Fiscal 2020 includes $1.1 million of restructuring costs.
(f) | Fiscal 2020 results include $8.5 million in debt extinguishment costs and $3.3 million interest income from an arbitration settlement in the Defense segment. Fiscal 2018 results include $9.9 million in debt extinguishment costs.
(g) | Fiscal 2020 results include a $6.2 million gain from insurance proceeds in excess of property loss in the Commercial segment.
Schedule of Depreciation, Amortization and Capital Expenditure by Segment |
|  | Fiscal Year Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Access Equipment (a) |  | $ | 42.1 |  |  | $ | 58.2 |  |  | $ | 61.1 |
Defense |  |  | 20.1 |  |  |  | 17.3 |  |  |  | 15.2 |
Fire & Emergency |  |  | 10.0 |  |  |  | 9.5 |  |  |  | 9.5 |
Commercial (b) |  |  | 17.1 |  |  |  | 12.4 |  |  |  | 12.9 |
Corporate |  |  | 14.9 |  |  |  | 17.8 |  |  |  | 21.8 |
Consolidated |  | $ | 104.2 |  |  | $ | 115.2 |  |  | $ | 120.5 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Access Equipment (c) |  | $ | 56.5 |  |  | $ | 61.4 |  |  | $ | 34.2 |
Defense |  |  | 32.3 |  |  |  | 31.4 |  |  |  | 29.1 |
Fire & Emergency |  |  | 6.8 |  |  |  | 12.8 |  |  |  | 12.8 |
Commercial (c) |  |  | 18.9 |  |  |  | 18.1 |  |  |  | 12.0 |
Corporate (d) |  |  | 15.7 |  |  |  | 50.5 |  |  |  | 12.0 |
Consolidated |  | $ | 130.2 |  |  | $ | 174.2 |  |  | $ | 100.1 |
(a) | Includes $2.8 million of accelerated deprecation associated with restructuring actions in fiscal 2020.
(b) | Includes $4.1 million of accelerated deprecation associated with restructuring actions in fiscal 2020.
(c) | Capital expenditures include both the purchase of property, plant and equipment and equipment held for rental.
(d) | Capital expenditures include capital spending for the construction of the Company’s new global headquarters.
Schedule of Identifiable Assets by Business Segments and by Geographical Areas |
|  | September 30, |
|  | 2020 |  |  | 2019 |
Identifiable assets: |  |  |  |  |  |  |  |
Access Equipment: |  |  |  |  |  |  |  |
U.S. |  | $ | 2,151.4 |  |  | $ | 2,317.2 |
Europe, Africa and Middle East |  |  | 383.4 |  |  |  | 403.4 |
Rest of the world (a) |  |  | 359.0 |  |  |  | 252.6 |
Total Access Equipment |  |  | 2,893.8 |  |  |  | 2,973.2 |
Defense: |  |  |  |  |  |  |  |
U.S. |  |  | 1,055.5 |  |  |  | 883.0 |
Rest of the world |  |  | 7.2 |  |  |  | 6.7 |
Total Defense |  |  | 1,062.7 |  |  |  | 889.7 |
Fire & Emergency - U.S. |  |  | 586.8 |  |  |  | 587.9 |
Commercial: |  |  |  |  |  |  |  |
U.S. |  |  | 370.7 |  |  |  | 383.6 |
Rest of the world |  |  | 47.5 |  |  |  | 48.9 |
Total Commercial |  |  | 418.2 |  |  |  | 432.5 |
Corporate: |  |  |  |  |  |  |  |
U.S. (b) |  |  | 854.4 |  |  |  | 597.6 |
Rest of the world (a) |  |  | — |  |  |  | 85.4 |
Total Corporate |  |  | 854.4 |  |  |  | 683.0 |
Consolidated |  | $ | 5,815.9 |  |  | $ | 5,566.3 |
(a) | Control of a shared manufacturing facility in Mexico transferred to the Access Equipment segment effective October 1, 2019.
(b) | Primarily includes cash and short-term investments and the Company’s global headquarters.
Schedule of Net Sales by Geographical Areas | The following table presents net sales by geographic region based on product shipment destination (in millions):
|  | Fiscal Year Ended September 30, 2020 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,881.6 |  |  | $ | 2,151.1 |  |  | $ | 1,069.4 |  |  | $ | 947.0 |  |  | $ | (25.4 | ) |  | $ | 6,023.7 |
Europe, Africa and Middle East |  |  | 275.3 |  |  |  | 107.0 |  |  |  | 29.8 |  |  |  | 1.6 |  |  |  | — |  |  |  | 413.7 |
Rest of the World |  |  | 358.2 |  |  |  | 4.1 |  |  |  | 47.9 |  |  |  | 9.2 |  |  |  | — |  |  |  | 419.4 |
Consolidated |  | $ | 2,515.1 |  |  | $ | 2,262.2 |  |  | $ | 1,147.1 |  |  | $ | 957.8 |  |  | $ | (25.4 | ) |  | $ | 6,856.8 |
|  | Fiscal Year Ended September 30, 2019 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 3,147.9 |  |  | $ | 1,946.7 |  |  | $ | 1,142.3 |  |  | $ | 997.8 |  |  | $ | (18.1 | ) |  | $ | 7,216.6 |
Europe, Africa and Middle East |  |  | 548.6 |  |  |  | 84.0 |  |  |  | 27.7 |  |  |  | 3.9 |  |  |  | — |  |  |  | 664.2 |
Rest of the World |  |  | 383.2 |  |  |  | 1.4 |  |  |  | 96.1 |  |  |  | 20.5 |  |  |  | — |  |  |  | 501.2 |
Consolidated |  | $ | 4,079.7 |  |  | $ | 2,032.1 |  |  | $ | 1,266.1 |  |  | $ | 1,022.2 |  |  | $ | (18.1 | ) |  | $ | 8,382.0 |
|  | Fiscal Year Ended September 30, 2018 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,849.9 |  |  | $ | 1,612.9 |  |  | $ | 1,006.8 |  |  | $ | 1,044.6 |  |  | $ | (24.6 | ) |  | $ | 6,489.6 |
Europe, Africa and Middle East |  |  | 630.2 |  |  |  | 215.0 |  |  |  | 4.7 |  |  |  | 1.9 |  |  |  | — |  |  |  | 851.8 |
Rest of the World |  |  | 296.7 |  |  |  | 1.0 |  |  |  | 58.2 |  |  |  | 8.2 |  |  |  | — |  |  |  | 364.1 |
Consolidated |  | $ | 3,776.8 |  |  | $ | 1,828.9 |  |  | $ | 1,069.7 |  |  | $ | 1,054.7 |  |  | $ | (24.6 | ) |  | $ | 7,705.5 |

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