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Business Segment Information (Tables)

9 Months Ended

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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