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Revenue Recognition (Tables)

9 Months Ended

Jun. 30, 2020

Sales And Revenue Recognition [Abstract]

Schedule of Changes Within Defense Segment Due to Contract Adjustments

Contract adjustments resulted in changes within the Defense segment as follows (in millions, except for per share amounts):

		Three Months Ended June 30,								Nine Months Ended June 30,
		2020				2019				2020				2019
Net sales		$	4.5			$	(0.4	)		$	28.2			$	55.7
Operating income			1.6				(10.5	)			15.2				37.6
Net income			1.2				(8.2	)			11.6				28.9
Diluted earnings per share			0.02				(0.12	)			0.17				0.41

Disaggregation of Revenue

The table below presents consolidated net sales disaggregated by segment and timing of revenue recognition (in millions):

		Three Months Ended June 30, 2020
		Access Equipment				Defense				Fire & Emergency				Commercial				Corporate and intersegment eliminations				Total
Point in time		$	472.1			$	0.4			$	298.7			$	153.5			$	(13.2	)		$	911.5
Over time			15.9				547.1				12.0				94.2				0.1				669.3
		$	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				Corporate and intersegment eliminations				Total
Point in time		$	1,231.1			$	0.5			$	319.9			$	176.5			$	(4.6	)		$	1,723.4
Over time			18.0				510.6				21.1				119.6				—				669.3
		$	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				Corporate and intersegment eliminations				Total
Point in time		$	1,838.2			$	1.3			$	793.6			$	391.0			$	(20.6	)		$	3,003.5
Over time			60.7				1,654.3				35.1				317.6				1.4				2,069.1
		$	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				Corporate and intersegment eliminations				Total
Point in time		$	3,007.8			$	2.2			$	885.1			$	445.8			$	(14.7	)		$	4,326.2
Over time			55.4				1,459.7				34.6				310.4				—				1,860.1
		$	3,063.2			$	1,461.9			$	919.7			$	756.2			$	(14.7	)		$	6,186.3

Schedule of Changes in Warranty Liability and Unearned Extended Warranty Premiums

Changes in the Company’s service-type warranties were as follows (in millions):

		Nine Months Ended June 30,
		2020				2019
Balance at beginning of period		$	68.2			$	30.7
Adoption of ASC 606			—				35.7
Deferred revenue for new service warranties			17.3				21.0
Amortization of deferred revenue			(21.1	)			(18.8	)
Changes in liability for pre-existing warranties, net			—				—
Foreign currency translation			0.3				(0.2	)
Balance at end of period		$	64.7			$	68.4

Changes in the Company’s assurance-type warranty liability were as follows (in millions):

		Nine Months Ended June 30,
		2020				2019
Balance at beginning of period		$	65.1			$	75.3
Adoption of ASC 606			—				(14.4	)
Warranty provisions			29.3				37.5
Settlements made			(40.1	)			(37.5	)
Changes in liability for pre-existing warranties, net			12.1				1.2
Foreign currency translation			0.1				(0.2	)
Balance at end of period		$	66.5			$	61.9

Schedule of Classification of Service-type Warranties in Consolidated Balance Sheets

Classification of service-type warranties in the Condensed Consolidated Balance Sheets consisted of the following (in millions):

		June 30,				September 30,
		2020				2019
Other current liabilities		$	25.8			$	27.8
Other long-term liabilities			38.9				40.4
		$	64.7			$	68.2

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Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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