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v3.19.3.a.u2

Business Segment Information (Tables) | 3 Months Ended
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Dec. 31, 2019
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):
|  | Three Months Ended December 31, |
|  | 2019 |  |  | 2018 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 306.0 |  |  | $ | — |  |  | $ | 306.0 |  |  | $ | 337.7 |  |  | $ | — |  |  | $ | 337.7 |
Telehandlers |  |  | 201.4 |  |  |  | — |  |  |  | 201.4 |  |  |  | 269.5 |  |  |  | — |  |  |  | 269.5 |
Other |  |  | 210.5 |  |  |  | — |  |  |  | 210.5 |  |  |  | 219.3 |  |  |  | — |  |  |  | 219.3 |
Total access equipment |  |  | 717.9 |  |  |  | — |  |  |  | 717.9 |  |  |  | 826.5 |  |  |  | — |  |  |  | 826.5 |
Defense |  |  | 492.6 |  |  |  | 0.5 |  |  |  | 493.1 |  |  |  | 463.8 |  |  |  | 0.3 |  |  |  | 464.1 |
Fire & emergency |  |  | 260.0 |  |  |  | 2.4 |  |  |  | 262.4 |  |  |  | 291.2 |  |  |  | 4.3 |  |  |  | 295.5 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concrete placement |  |  | 75.7 |  |  |  | — |  |  |  | 75.7 |  |  |  | 81.7 |  |  |  | — |  |  |  | 81.7 |
Refuse collection |  |  | 115.9 |  |  |  | — |  |  |  | 115.9 |  |  |  | 109.2 |  |  |  | — |  |  |  | 109.2 |
Other |  |  | 32.3 |  |  |  | 0.3 |  |  |  | 32.6 |  |  |  | 30.7 |  |  |  | 0.6 |  |  |  | 31.3 |
Total commercial |  |  | 223.9 |  |  |  | 0.3 |  |  |  | 224.2 |  |  |  | 221.6 |  |  |  | 0.6 |  |  |  | 222.2 |
Corporate and intersegment eliminations |  |  | 0.7 |  |  |  | (3.2 | ) |  |  | (2.5 | ) |  |  | 0.3 |  |  |  | (5.2 | ) |  |  | (4.9 | )
Consolidated |  | $ | 1,695.1 |  |  | $ | — |  |  | $ | 1,695.1 |  |  | $ | 1,803.4 |  |  | $ | — |  |  | $ | 1,803.4 |
Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments |
|  | Three Months Ended December 31, |
|  | 2019 |  |  | 2018 |
Operating income (loss): |  |  |  |  |  |  |  |
Access equipment |  | $ | 69.0 |  |  | $ | 66.4 |
Defense |  |  | 30.9 |  |  |  | 71.1 |
Fire & emergency |  |  | 31.0 |  |  |  | 39.9 |
Commercial |  |  | 17.8 |  |  |  | 18.7 |
Corporate |  |  | (39.6 | ) |  |  | (35.6 | )
Consolidated |  |  | 109.1 |  |  |  | 160.5 |
Interest expense, net of interest income |  |  | (11.8 | ) |  |  | (11.5 | )
Miscellaneous other (expense) income |  |  | (0.4 | ) |  |  | (1.2 | )
Income before income taxes and earnings (losses) of unconsolidated affiliates |  | $ | 96.9 |  |  | $ | 147.8 |
Schedule of Identifiable Assets by Business Segments and by Geographical Areas |
|  | December 31, 2019 |  |  | September 30, 2019 |
Identifiable assets: |  |  |  |  |  |  |  |
Access equipment: |  |  |  |  |  |  |  |
U.S. |  | $ | 2,295.8 |  |  | $ | 2,317.2 |
Europe, Africa and Middle East |  |  | 390.5 |  |  |  | 403.4 |
Rest of the World (b) |  |  | 357.4 |  |  |  | 252.6 |
Total access equipment |  |  | 3,043.7 |  |  |  | 2,973.2 |
Defense: |  |  |  |  |  |  |  |
U.S. |  |  | 1,032.6 |  |  |  | 883.0 |
Rest of the World |  |  | 6.6 |  |  |  | 6.7 |
Total defense |  |  | 1,039.2 |  |  |  | 889.7 |
Fire & emergency - U.S. |  |  | 569.1 |  |  |  | 587.9 |
Commercial: |  |  |  |  |  |  |  |
U.S. |  |  | 373.6 |  |  |  | 383.6 |
Rest of the World |  |  | 41.9 |  |  |  | 48.9 |
Total commercial |  |  | 415.5 |  |  |  | 432.5 |
Corporate: |  |  |  |  |  |  |  |
U.S. (a) |  |  | 488.7 |  |  |  | 597.6 |
Rest of the World (b) |  |  | — |  |  |  | 85.4 |
Total corporate |  |  | 488.7 |  |  |  | 683.0 |
Consolidated |  | $ | 5,556.2 |  |  | $ | 5,566.3 |
(a) | Primarily includes cash and short-term investments and the Company’s new global headquarters.
(b) | Control of a shared manufacturing facility in Mexico transferred to the access equipment segment effective October 1, 2019.
Schedule of Net Sales by Geographical Areas | The following table presents net sales by geographic region based on product shipment destination (in millions):
|  | Three Months Ended December 31, 2019 |
|  | Access equipment |  |  | Defense |  |  | Fire & emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 547.1 |  |  | $ | 485.6 |  |  | $ | 243.9 |  |  | $ | 218.6 |  |  | $ | (2.5 | ) |  | $ | 1,492.7 |
Europe, Africa and Middle East |  |  | 74.2 |  |  |  | 6.0 |  |  |  | 0.4 |  |  |  | 0.4 |  |  |  | — |  |  |  | 81.0 |
Rest of the World |  |  | 96.6 |  |  |  | 1.5 |  |  |  | 18.1 |  |  |  | 5.2 |  |  |  | — |  |  |  | 121.4 |
|  | $ | 717.9 |  |  | $ | 493.1 |  |  | $ | 262.4 |  |  | $ | 224.2 |  |  | $ | (2.5 | ) |  | $ | 1,695.1 |
|  | Three Months Ended December 31, 2018 |
|  | Access equipment |  |  | Defense |  |  | Fire & emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 646.2 |  |  | $ | 448.1 |  |  | $ | 273.1 |  |  | $ | 217.7 |  |  | $ | (5.0 | ) |  | $ | 1,580.1 |
Europe, Africa and Middle East |  |  | 113.7 |  |  |  | 15.9 |  |  |  | 11.0 |  |  |  | 1.8 |  |  |  | 0.1 |  |  |  | 142.5 |
Rest of the World |  |  | 66.6 |  |  |  | 0.1 |  |  |  | 11.4 |  |  |  | 2.7 |  |  |  | — |  |  |  | 80.8 |
|  | $ | 826.5 |  |  | $ | 464.1 |  |  | $ | 295.5 |  |  | $ | 222.2 |  |  | $ | (4.9 | ) |  | $ | 1,803.4 |

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