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Revenue Recognition (Tables) | 12 Months Ended
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Sep. 30, 2021
Sales And Revenue Recognition [Abstract] |
Schedule of Changes Within Defense Segment Results Due to Contract Adjustments | Contract adjustments resulted in changes within Defense segment results as follows (in millions, except for per share amounts):
|  | Fiscal Year Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Net sales |  | $ | 13.1 |  |  | $ | 31.2 |  |  | $ | 63.9 |
Operating income |  |  | 19.4 |  |  |  | 16.2 |  |  |  | 44.7 |
Net income |  |  | 14.9 |  |  |  | 12.4 |  |  |  | 34.5 |
Diluted earnings per share |  |  | 0.21 |  |  |  | 0.18 |  |  |  | 0.49 |
Disaggregation of Revenue | The table below presents consolidated net sales disaggregated by segment and timing of revenue recognition (in millions):
|  | Fiscal Year Ended September 30, 2021 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Corporate and Intersegment Eliminations |  |  | Total |
Point in time |  | $ | 3,006.9 |  |  | $ | 43.5 |  |  | $ | 1,205.9 |  |  | $ | 532.8 |  |  | $ | (25.1 | ) |  | $ | 4,764.0 |
Over time |  |  | 65.2 |  |  |  | 2,482.1 |  |  |  | 20.7 |  |  |  | 404.8 |  |  |  | 0.5 |  |  |  | 2,973.3 |
|  | $ | 3,072.1 |  |  | $ | 2,525.6 |  |  | $ | 1,226.6 |  |  | $ | 937.6 |  |  | $ | (24.6 | ) |  | $ | 7,737.3 |
|  | Fiscal Year Ended September 30, 2020 |
|  | Access Equipment |  |  | Defense (a) |  |  | Fire & Emergency (a) |  |  | Commercial |  |  | Corporate and Intersegment Eliminations (a) |  |  | Total |
Point in time |  | $ | 2,437.5 |  |  | $ | 34.8 |  |  | $ | 1,085.1 |  |  | $ | 556.7 |  |  | $ | (36.0 | ) |  | $ | 4,078.1 |
Over time |  |  | 77.6 |  |  |  | 2,276.7 |  |  |  | 21.9 |  |  |  | 401.1 |  |  |  | 1.4 |  |  |  | 2,778.7 |
|  | $ | 2,515.1 |  |  | $ | 2,311.5 |  |  | $ | 1,107.0 |  |  | $ | 957.8 |  |  | $ | (34.6 | ) |  | $ | 6,856.8 |
|  | Fiscal Year Ended September 30, 2019 |
|  | Access Equipment |  |  | Defense (a) |  |  | Fire & Emergency (a) |  |  | Commercial |  |  | Corporate and Intersegment Eliminations (a) |  |  | Total |
Point in time |  | $ | 4,001.6 |  |  | $ | 45.4 |  |  | $ | 1,192.5 |  |  | $ | 591.7 |  |  | $ | (30.1 | ) |  | $ | 5,801.1 |
Over time |  |  | 78.1 |  |  |  | 2,052.1 |  |  |  | 18.2 |  |  |  | 430.5 |  |  |  | 2.0 |  |  |  | 2,580.9 |
|  | $ | 4,079.7 |  |  | $ | 2,097.5 |  |  | $ | 1,210.7 |  |  | $ | 1,022.2 |  |  | $ | (28.1 | ) |  | $ | 8,382.0 |
(a) | Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.
Schedule of Contract Liabilities and Revenue Recognized | Contract liabilities consisted of the following (in millions):
|  | September 30, |
|  | 2021 |  |  | 2020 |
Customer advances |  | $ | 654.3 |  |  | $ | 491.4 |
Other current liabilities |  |  | 82.0 |  |  |  | 59.5 |
Other long-term liabilities |  |  | 175.2 |  |  |  | 53.7 |
Total contract liabilities |  | $ | 911.5 |  |  | $ | 604.6 |
|  | Fiscal Year Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Beginning liabilities recognized in revenue |  | $ | 521.7 |  |  | $ | 441.0 |  |  | $ | 530.9 |
Schedule of Changes in Warranty Liability and Unearned Extended Warranty Premiums | Changes in the Company’s service-type warranties were as follows (in millions):
|  | Fiscal Year Ended September 30, |
|  | 2021 |  |  | 2020 |
Balance at beginning of period |  | $ | 64.4 |  |  | $ | 68.2 |
Deferred revenue for new service-type warranties |  |  | 26.2 |  |  |  | 23.6 |
Amortization of deferred revenue |  |  | (25.0 | ) |  |  | (27.9 | )
Foreign currency translation |  |  | 0.2 |  |  |  | 0.5 |
Balance at end of period |  | $ | 65.8 |  |  | $ | 64.4 |
Changes in the Company’s assurance-type warranty liability were as follows (in millions):
|  | Fiscal Year Ended September 30, |
|  | 2021 |  |  | 2020 |
Balance at beginning of year |  | $ | 67.4 |  |  | $ | 65.1 |
Warranty provisions |  |  | 50.1 |  |  |  | 43.1 |
Settlements made |  |  | (65.0 | ) |  |  | (55.9 | )
Changes in liability for pre-existing warranties, net |  |  | 16.2 |  |  |  | 14.8 |
Foreign currency translation |  |  | — |  |  |  | 0.3 |
Acquisition |  |  | 0.3 |  |  |  | — |
Balance at end of year |  | $ | 69.0 |  |  | $ | 67.4 |
Schedule of Classification of Service-type Warranties in Consolidated Balance Sheets | Classification of service-type warranties in the Consolidated Balance Sheets consisted of the following (in millions):
|  | September 30, |
|  | 2021 |  |  | 2020 |
Other current liabilities |  | $ | 21.8 |  |  | $ | 24.7 |
Other long-term liabilities |  |  | 44.0 |  |  |  | 39.7 |
|  | $ | 65.8 |  |  | $ | 64.4 |

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