XML 53 R36.htm IDEA: XBRL DOCUMENT v3.21.2

Revenue Recognition (Tables)

12 Months Ended

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

X

- Definition

Sales and revenue recognition.

+ References

No definition available.

+ Details

Name:	osk_SalesAndRevenueRecognitionAbstract
Namespace Prefix:	osk_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of changes within defense segment due to contract adjustments.

+ References

No definition available.

+ Details

Name:	osk_ScheduleOfChangesWithinDefenseSegmentDueToContractAdjustmentsTableTextblock
Namespace Prefix:	osk_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of contract with customer liability and revenue recognized.

+ References

No definition available.

+ Details

Name:	osk_ScheduleOfContractWithCustomerLiabilityAndRevenueRecognizedTableTextBlock
Namespace Prefix:	osk_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123368208&loc=d3e12565-110249

+ Details

Name:	us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration