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v3.20.1

Business Segment Information (Tables) | 6 Months Ended
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Mar. 31, 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):
|  | Three Months Ended March 31, |
|  | 2020 |  |  | 2019 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 273.7 |  |  | $ | — |  |  | $ | 273.7 |  |  | $ | 463.5 |  |  | $ | — |  |  | $ | 463.5 |
Telehandlers |  |  | 217.6 |  |  |  | — |  |  |  | 217.6 |  |  |  | 319.5 |  |  |  | — |  |  |  | 319.5 |
Other |  |  | 201.7 |  |  |  | — |  |  |  | 201.7 |  |  |  | 204.6 |  |  |  | — |  |  |  | 204.6 |
Total access equipment |  |  | 693.0 |  |  |  | — |  |  |  | 693.0 |  |  |  | 987.6 |  |  |  | — |  |  |  | 987.6 |
Defense |  |  | 614.6 |  |  |  | 0.4 |  |  |  | 615.0 |  |  |  | 486.2 |  |  |  | 0.5 |  |  |  | 486.7 |
Fire & emergency |  |  | 253.4 |  |  |  | 2.2 |  |  |  | 255.6 |  |  |  | 279.0 |  |  |  | 4.2 |  |  |  | 283.2 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concrete placement |  |  | 89.7 |  |  |  | — |  |  |  | 89.7 |  |  |  | 115.3 |  |  |  | — |  |  |  | 115.3 |
Refuse collection |  |  | 115.2 |  |  |  | — |  |  |  | 115.2 |  |  |  | 92.0 |  |  |  | — |  |  |  | 92.0 |
Other |  |  | 30.1 |  |  |  | 1.7 |  |  |  | 31.8 |  |  |  | 29.8 |  |  |  | 0.8 |  |  |  | 30.6 |
Total commercial |  |  | 235.0 |  |  |  | 1.7 |  |  |  | 236.7 |  |  |  | 237.1 |  |  |  | 0.8 |  |  |  | 237.9 |
Corporate and intersegment eliminations |  |  | 0.7 |  |  |  | (4.3 | ) |  |  | (3.6 | ) |  |  | 0.3 |  |  |  | (5.5 | ) |  |  | (5.2 | )
Consolidated |  | $ | 1,796.7 |  |  | $ | — |  |  | $ | 1,796.7 |  |  | $ | 1,990.2 |  |  | $ | — |  |  | $ | 1,990.2 |
|  | Six Months Ended March 31, |
|  | 2020 |  |  | 2019 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 579.7 |  |  | $ | — |  |  | $ | 579.7 |  |  | $ | 801.2 |  |  | $ | — |  |  | $ | 801.2 |
Telehandlers |  |  | 419.0 |  |  |  | — |  |  |  | 419.0 |  |  |  | 589.0 |  |  |  | — |  |  |  | 589.0 |
Other |  |  | 412.2 |  |  |  | — |  |  |  | 412.2 |  |  |  | 423.9 |  |  |  | — |  |  |  | 423.9 |
Total access equipment |  |  | 1,410.9 |  |  |  | — |  |  |  | 1,410.9 |  |  |  | 1,814.1 |  |  |  | — |  |  |  | 1,814.1 |
Defense |  |  | 1,107.2 |  |  |  | 0.9 |  |  |  | 1,108.1 |  |  |  | 950.0 |  |  |  | 0.8 |  |  |  | 950.8 |
Fire & emergency |  |  | 513.4 |  |  |  | 4.6 |  |  |  | 518.0 |  |  |  | 570.2 |  |  |  | 8.5 |  |  |  | 578.7 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concrete placement |  |  | 165.4 |  |  |  | — |  |  |  | 165.4 |  |  |  | 197.0 |  |  |  | — |  |  |  | 197.0 |
Refuse collection |  |  | 231.1 |  |  |  | — |  |  |  | 231.1 |  |  |  | 201.2 |  |  |  | — |  |  |  | 201.2 |
Other |  |  | 62.4 |  |  |  | 2.0 |  |  |  | 64.4 |  |  |  | 60.5 |  |  |  | 1.4 |  |  |  | 61.9 |
Total commercial |  |  | 458.9 |  |  |  | 2.0 |  |  |  | 460.9 |  |  |  | 458.7 |  |  |  | 1.4 |  |  |  | 460.1 |
Corporate and intersegment eliminations |  |  | 1.4 |  |  |  | (7.5 | ) |  |  | (6.1 | ) |  |  | 0.6 |  |  |  | (10.7 | ) |  |  | (10.1 | )
Consolidated |  | $ | 3,491.8 |  |  | $ | — |  |  | $ | 3,491.8 |  |  | $ | 3,793.6 |  |  | $ | — |  |  | $ | 3,793.6 |
Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments |
|  | Three Months Ended March 31, |  |  | Six Months Ended March 31, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Access equipment |  | $ | 70.8 |  |  | $ | 119.8 |  |  | $ | 139.8 |  |  | $ | 186.2 |
Defense |  |  | 58.2 |  |  |  | 52.2 |  |  |  | 89.1 |  |  |  | 123.3 |
Fire & emergency |  |  | 20.5 |  |  |  | 36.6 |  |  |  | 51.5 |  |  |  | 76.5 |
Commercial |  |  | 8.1 |  |  |  | 7.8 |  |  |  | 25.9 |  |  |  | 26.5 |
Corporate |  |  | (24.0 | ) |  |  | (40.8 | ) |  |  | (63.6 | ) |  |  | (76.4 | )
Consolidated |  |  | 133.6 |  |  |  | 175.6 |  |  |  | 242.7 |  |  |  | 336.1 |
Interest expense, net of interest income |  |  | (20.7 | ) |  |  | (11.7 | ) |  |  | (32.5 | ) |  |  | (23.2 | )
Miscellaneous other (expense) income |  |  | (5.8 | ) |  |  | 1.2 |  |  |  | (6.2 | ) |  |  | — |
Income before income taxes and earnings (losses) of unconsolidated affiliates |  | $ | 107.1 |  |  | $ | 165.1 |  |  | $ | 204.0 |  |  | $ | 312.9 |
Schedule of Identifiable Assets by Business Segments and by Geographical Areas |
|  | March 31, 2020 |  |  | September 30, 2019 |
Identifiable assets: |  |  |  |  |  |  |  |
Access equipment: |  |  |  |  |  |  |  |
U.S. |  | $ | 2,320.1 |  |  | $ | 2,317.2 |
Europe, Africa and Middle East |  |  | 383.6 |  |  |  | 403.4 |
Rest of the World (b) |  |  | 344.4 |  |  |  | 252.6 |
Total access equipment |  |  | 3,048.1 |  |  |  | 2,973.2 |
Defense: |  |  |  |  |  |  |  |
U.S. |  |  | 1,015.4 |  |  |  | 883.0 |
Rest of the World |  |  | 6.0 |  |  |  | 6.7 |
Total defense |  |  | 1,021.4 |  |  |  | 889.7 |
Fire & emergency - U.S. |  |  | 610.3 |  |  |  | 587.9 |
Commercial: |  |  |  |  |  |  |  |
U.S. |  |  | 436.9 |  |  |  | 383.6 |
Rest of the World |  |  | 40.8 |  |  |  | 48.9 |
Total commercial |  |  | 477.7 |  |  |  | 432.5 |
Corporate: |  |  |  |  |  |  |  |
U.S. (a) |  |  | 704.4 |  |  |  | 597.6 |
Rest of the World (b) |  |  | — |  |  |  | 85.4 |
Total corporate |  |  | 704.4 |  |  |  | 683.0 |
Consolidated |  | $ | 5,861.9 |  |  | $ | 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 March 31, 2020 |
|  | Access equipment |  |  | Defense |  |  | Fire & emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 553.9 |  |  | $ | 596.0 |  |  | $ | 247.6 |  |  | $ | 234.0 |  |  | $ | (3.6 | ) |  | $ | 1,627.9 |
Europe, Africa and Middle East |  |  | 84.7 |  |  |  | 17.7 |  |  |  | 0.3 |  |  |  | 0.6 |  |  |  | — |  |  |  | 103.3 |
Rest of the World |  |  | 54.4 |  |  |  | 1.3 |  |  |  | 7.7 |  |  |  | 2.1 |  |  |  | — |  |  |  | 65.5 |
|  | $ | 693.0 |  |  | $ | 615.0 |  |  | $ | 255.6 |  |  | $ | 236.7 |  |  | $ | (3.6 | ) |  | $ | 1,796.7 |
|  | Three Months Ended March 31, 2019 |
|  | Access equipment |  |  | Defense |  |  | Fire & emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 724.0 |  |  | $ | 465.6 |  |  | $ | 274.0 |  |  | $ | 230.1 |  |  | $ | (5.3 | ) |  | $ | 1,688.4 |
Europe, Africa and Middle East |  |  | 163.2 |  |  |  | 21.0 |  |  |  | 0.9 |  |  |  | 0.3 |  |  |  | — |  |  |  | 185.4 |
Rest of the World |  |  | 100.4 |  |  |  | 0.1 |  |  |  | 8.3 |  |  |  | 7.5 |  |  |  | 0.1 |  |  |  | 116.4 |
|  | $ | 987.6 |  |  | $ | 486.7 |  |  | $ | 283.2 |  |  | $ | 237.9 |  |  | $ | (5.2 | ) |  | $ | 1,990.2 |
|  | Six Months Ended March 31, 2020 |
|  | Access equipment |  |  | Defense |  |  | Fire & emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,101.0 |  |  | $ | 1,081.5 |  |  | $ | 491.5 |  |  | $ | 452.8 |  |  | $ | (6.1 | ) |  | $ | 3,120.7 |
Europe, Africa and Middle East |  |  | 158.9 |  |  |  | 23.8 |  |  |  | 0.7 |  |  |  | 0.9 |  |  |  | — |  |  |  | 184.3 |
Rest of the World |  |  | 151.0 |  |  |  | 2.8 |  |  |  | 25.8 |  |  |  | 7.2 |  |  |  | — |  |  |  | 186.8 |
|  | $ | 1,410.9 |  |  | $ | 1,108.1 |  |  | $ | 518.0 |  |  | $ | 460.9 |  |  | $ | (6.1 | ) |  | $ | 3,491.8 |
|  | Six Months Ended March 31, 2019 |
|  | Access equipment |  |  | Defense |  |  | Fire & emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,370.2 |  |  | $ | 913.8 |  |  | $ | 547.0 |  |  | $ | 447.7 |  |  | $ | (10.1 | ) |  | $ | 3,268.6 |
Europe, Africa and Middle East |  |  | 276.9 |  |  |  | 36.9 |  |  |  | 11.9 |  |  |  | 2.2 |  |  |  | — |  |  |  | 327.9 |
Rest of the World |  |  | 167.0 |  |  |  | 0.1 |  |  |  | 19.8 |  |  |  | 10.2 |  |  |  | — |  |  |  | 197.1 |
|  | $ | 1,814.1 |  |  | $ | 950.8 |  |  | $ | 578.7 |  |  | $ | 460.1 |  |  | $ | (10.1 | ) |  | $ | 3,793.6 |

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