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Business Segment Information (Tables) | 9 Months Ended
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Jun. 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):
|  | Three Months Ended June 30, |
|  | 2020 |  |  | 2019 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 221.0 |  |  | $ | — |  |  | $ | 221.0 |  |  | $ | 664.2 |  |  | $ | — |  |  | $ | 664.2 |
Telehandlers |  |  | 127.5 |  |  |  | — |  |  |  | 127.5 |  |  |  | 358.9 |  |  |  | — |  |  |  | 358.9 |
Other |  |  | 131.4 |  |  |  | 8.1 |  |  |  | 139.5 |  |  |  | 226.0 |  |  |  | — |  |  |  | 226.0 |
Total Access Equipment |  |  | 479.9 |  |  |  | 8.1 |  |  |  | 488.0 |  |  |  | 1,249.1 |  |  |  | — |  |  |  | 1,249.1 |
Defense |  |  | 547.0 |  |  |  | 0.5 |  |  |  | 547.5 |  |  |  | 510.6 |  |  |  | 0.5 |  |  |  | 511.1 |
Fire & Emergency |  |  | 308.7 |  |  |  | 2.0 |  |  |  | 310.7 |  |  |  | 336.9 |  |  |  | 4.1 |  |  |  | 341.0 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concrete placement |  |  | 121.5 |  |  |  | — |  |  |  | 121.5 |  |  |  | 136.4 |  |  |  | — |  |  |  | 136.4 |
Refuse collection |  |  | 99.2 |  |  |  | — |  |  |  | 99.2 |  |  |  | 125.5 |  |  |  | — |  |  |  | 125.5 |
Other |  |  | 24.4 |  |  |  | 2.6 |  |  |  | 27.0 |  |  |  | 33.7 |  |  |  | 0.5 |  |  |  | 34.2 |
Total Commercial |  |  | 245.1 |  |  |  | 2.6 |  |  |  | 247.7 |  |  |  | 295.6 |  |  |  | 0.5 |  |  |  | 296.1 |
Corporate and intersegment eliminations |  |  | 0.1 |  |  |  | (13.2 | ) |  |  | (13.1 | ) |  |  | 0.5 |  |  |  | (5.1 | ) |  |  | (4.6 | )
Consolidated |  | $ | 1,580.8 |  |  | $ | — |  |  | $ | 1,580.8 |  |  | $ | 2,392.7 |  |  | $ | — |  |  | $ | 2,392.7 |
|  | Nine Months Ended June 30, |
|  | 2020 |  |  | 2019 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 800.7 |  |  | $ | — |  |  | $ | 800.7 |  |  | $ | 1,465.4 |  |  | $ | — |  |  | $ | 1,465.4 |
Telehandlers |  |  | 546.5 |  |  |  | — |  |  |  | 546.5 |  |  |  | 947.9 |  |  |  | — |  |  |  | 947.9 |
Other |  |  | 543.6 |  |  |  | 8.1 |  |  |  | 551.7 |  |  |  | 649.9 |  |  |  | — |  |  |  | 649.9 |
Total Access Equipment |  |  | 1,890.8 |  |  |  | 8.1 |  |  |  | 1,898.9 |  |  |  | 3,063.2 |  |  |  | — |  |  |  | 3,063.2 |
Defense |  |  | 1,654.2 |  |  |  | 1.4 |  |  |  | 1,655.6 |  |  |  | 1,460.6 |  |  |  | 1.3 |  |  |  | 1,461.9 |
Fire & Emergency |  |  | 822.1 |  |  |  | 6.6 |  |  |  | 828.7 |  |  |  | 907.1 |  |  |  | 12.6 |  |  |  | 919.7 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concrete placement |  |  | 286.9 |  |  |  | — |  |  |  | 286.9 |  |  |  | 333.4 |  |  |  | — |  |  |  | 333.4 |
Refuse collection |  |  | 330.3 |  |  |  | — |  |  |  | 330.3 |  |  |  | 326.7 |  |  |  | — |  |  |  | 326.7 |
Other |  |  | 86.8 |  |  |  | 4.6 |  |  |  | 91.4 |  |  |  | 94.2 |  |  |  | 1.9 |  |  |  | 96.1 |
Total Commercial |  |  | 704.0 |  |  |  | 4.6 |  |  |  | 708.6 |  |  |  | 754.3 |  |  |  | 1.9 |  |  |  | 756.2 |
Corporate and intersegment eliminations |  |  | 1.5 |  |  |  | (20.7 | ) |  |  | (19.2 | ) |  |  | 1.1 |  |  |  | (15.8 | ) |  |  | (14.7 | )
Consolidated |  | $ | 5,072.6 |  |  | $ | — |  |  | $ | 5,072.6 |  |  | $ | 6,186.3 |  |  | $ | — |  |  | $ | 6,186.3 |
Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments |
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Access Equipment |  | $ | 33.5 |  |  | $ | 189.9 |  |  | $ | 173.3 |  |  | $ | 376.1 |
Defense |  |  | 40.0 |  |  |  | 29.5 |  |  |  | 129.1 |  |  |  | 152.8 |
Fire & Emergency |  |  | 47.6 |  |  |  | 50.7 |  |  |  | 99.1 |  |  |  | 127.2 |
Commercial |  |  | 23.8 |  |  |  | 21.5 |  |  |  | 49.7 |  |  |  | 48.0 |
Corporate |  |  | (26.3 | ) |  |  | (33.8 | ) |  |  | (89.9 | ) |  |  | (110.2 | )
Consolidated |  |  | 118.6 |  |  |  | 257.8 |  |  |  | 361.3 |  |  |  | 593.9 |
Interest expense, net of interest income |  |  | (11.7 | ) |  |  | (12.2 | ) |  |  | (44.2 | ) |  |  | (35.4 | )
Miscellaneous other (expense) income |  |  | 1.5 |  |  |  | 0.3 |  |  |  | (4.7 | ) |  |  | 0.3 |
Income before income taxes and earnings (losses) of unconsolidated affiliates |  | $ | 108.4 |  |  | $ | 245.9 |  |  | $ | 312.4 |  |  | $ | 558.8 |
Schedule of Identifiable Assets by Business Segments and by Geographical Areas |
|  | June 30, 2020 |  |  | September 30, 2019 |
Identifiable assets: |  |  |  |  |  |  |  |
Access Equipment: |  |  |  |  |  |  |  |
U.S. |  | $ | 2,264.1 |  |  | $ | 2,317.2 |
Europe, Africa and Middle East |  |  | 366.3 |  |  |  | 403.4 |
Rest of the World (b) |  |  | 362.9 |  |  |  | 252.6 |
Total Access Equipment |  |  | 2,993.3 |  |  |  | 2,973.2 |
Defense: |  |  |  |  |  |  |  |
U.S. |  |  | 1,081.9 |  |  |  | 883.0 |
Rest of the World |  |  | 7.2 |  |  |  | 6.7 |
Total Defense |  |  | 1,089.1 |  |  |  | 889.7 |
Fire & Emergency - U.S. |  |  | 595.6 |  |  |  | 587.9 |
Commercial: |  |  |  |  |  |  |  |
U.S. |  |  | 406.0 |  |  |  | 383.6 |
Rest of the World |  |  | 42.6 |  |  |  | 48.9 |
Total Commercial |  |  | 448.6 |  |  |  | 432.5 |
Corporate: |  |  |  |  |  |  |  |
U.S. (a) |  |  | 633.7 |  |  |  | 597.6 |
Rest of the World (b) |  |  | — |  |  |  | 85.4 |
Total Corporate |  |  | 633.7 |  |  |  | 683.0 |
Consolidated |  | $ | 5,760.3 |  |  | $ | 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 June 30, 2020 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 341.2 |  |  | $ | 515.1 |  |  | $ | 278.2 |  |  | $ | 246.9 |  |  | $ | (13.1 | ) |  | $ | 1,368.3 |
Europe, Africa and Middle East |  |  | 57.5 |  |  |  | 31.3 |  |  |  | 27.5 |  |  |  | 0.2 |  |  |  | — |  |  |  | 116.5 |
Rest of the World |  |  | 89.3 |  |  |  | 1.1 |  |  |  | 5.0 |  |  |  | 0.6 |  |  |  | — |  |  |  | 96.0 |
|  | $ | 488.0 |  |  | $ | 547.5 |  |  | $ | 310.7 |  |  | $ | 247.7 |  |  | $ | (13.1 | ) |  | $ | 1,580.8 |
|  | Three Months Ended June 30, 2019 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 981.2 |  |  | $ | 488.7 |  |  | $ | 310.2 |  |  | $ | 290.9 |  |  | $ | (4.6 | ) |  | $ | 2,066.4 |
Europe, Africa and Middle East |  |  | 161.0 |  |  |  | 22.1 |  |  |  | 10.9 |  |  |  | 0.9 |  |  |  | — |  |  |  | 194.9 |
Rest of the World |  |  | 106.9 |  |  |  | 0.3 |  |  |  | 19.9 |  |  |  | 4.3 |  |  |  | — |  |  |  | 131.4 |
|  | $ | 1,249.1 |  |  | $ | 511.1 |  |  | $ | 341.0 |  |  | $ | 296.1 |  |  | $ | (4.6 | ) |  | $ | 2,392.7 |
|  | Nine Months Ended June 30, 2020 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,442.2 |  |  | $ | 1,596.6 |  |  | $ | 769.6 |  |  | $ | 699.6 |  |  | $ | (19.2 | ) |  | $ | 4,488.8 |
Europe, Africa and Middle East |  |  | 216.4 |  |  |  | 55.1 |  |  |  | 28.3 |  |  |  | 1.1 |  |  |  | — |  |  |  | 300.9 |
Rest of the World |  |  | 240.3 |  |  |  | 3.9 |  |  |  | 30.8 |  |  |  | 7.9 |  |  |  | — |  |  |  | 282.9 |
|  | $ | 1,898.9 |  |  | $ | 1,655.6 |  |  | $ | 828.7 |  |  | $ | 708.6 |  |  | $ | (19.2 | ) |  | $ | 5,072.6 |
|  | Nine Months Ended June 30, 2019 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,351.4 |  |  | $ | 1,402.5 |  |  | $ | 857.2 |  |  | $ | 738.6 |  |  | $ | (14.7 | ) |  | $ | 5,335.0 |
Europe, Africa and Middle East |  |  | 437.9 |  |  |  | 59.0 |  |  |  | 22.8 |  |  |  | 3.1 |  |  |  | — |  |  |  | 522.8 |
Rest of the World |  |  | 273.9 |  |  |  | 0.4 |  |  |  | 39.7 |  |  |  | 14.5 |  |  |  | — |  |  |  | 328.5 |
|  | $ | 3,063.2 |  |  | $ | 1,461.9 |  |  | $ | 919.7 |  |  | $ | 756.2 |  |  | $ | (14.7 | ) |  | $ | 6,186.3 |

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