XML 30 R44.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Business Segment Information (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration