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Goodwill and Purchased Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table presents changes in goodwill during fiscal 2021 and 2020 (in millions):

 

 

Access

Equipment

 

 

Defense

 

 

Fire &

Emergency

 

 

Commercial

 

 

Total

 

Net goodwill at September 30, 2019

 

$

868.8

 

 

$

 

 

$

106.1

 

 

$

20.8

 

 

$

995.7

 

Foreign currency translation

 

 

13.8

 

 

 

 

 

 

 

 

 

 

 

 

13.8

 

Net goodwill at September 30, 2020

 

 

882.6

 

 

 

 

 

 

106.1

 

 

 

20.8

 

 

 

1,009.5

 

Foreign currency translation

 

 

(2.0

)

 

 

 

 

 

 

 

 

0.1

 

 

 

(1.9

)

Acquisition

 

 

 

 

 

44.4

 

 

 

 

 

 

 

 

 

44.4

 

Net goodwill at September 30, 2021

 

$

880.6

 

 

$

44.4

 

 

$

106.1

 

 

$

20.9

 

 

$

1,052.0

 

 

Schedule of Company's Goodwill Allocated to the Reportable Segments

The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions):

 

 

September 30, 2021

 

 

September 30, 2020

 

 

 

Gross

 

 

Accumulated

Impairment

 

 

Net

 

 

Gross

 

 

Accumulated

Impairment

 

 

Net

 

Access Equipment

 

$

1,812.7

 

 

$

(932.1

)

 

$

880.6

 

 

$

1,814.7

 

 

$

(932.1

)

 

$

882.6

 

Defense

 

 

44.4

 

 

 

 

 

 

44.4

 

 

 

 

 

 

 

 

 

 

Fire & Emergency

 

 

108.1

 

 

 

(2.0

)

 

 

106.1

 

 

 

108.1

 

 

 

(2.0

)

 

 

106.1

 

Commercial

 

 

188.5

 

 

 

(167.6

)

 

 

20.9

 

 

 

196.7

 

 

 

(175.9

)

 

 

20.8

 

 

 

$

2,153.7

 

 

$

(1,101.7

)

 

$

1,052.0

 

 

$

2,119.5

 

 

$

(1,110.0

)

 

$

1,009.5

 

 

Schedule of Purchased Intangible Assets

Details of the Company’s total purchased intangible assets were as follows (in millions):

 

 

September 30, 2021

 

 

 

Weighted-

Average

Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution network

 

 

39.1

 

 

$

55.4

 

 

$

(35.1

)

 

$

20.3

 

Technology-related

 

 

11.9

 

 

 

104.7

 

 

 

(103.9

)

 

 

0.8

 

Customer relationships

 

 

12.6

 

 

 

572.6

 

 

 

(550.0

)

 

 

22.6

 

Other

 

 

12.1

 

 

 

23.6

 

 

 

(17.6

)

 

 

6.0

 

 

 

 

14.4

 

 

 

756.3

 

 

 

(706.6

)

 

 

49.7

 

Non-amortizable trade names

 

 

 

 

 

 

417.1

 

 

 

 

 

 

417.1

 

 

 

 

 

 

 

$

1,173.4

 

 

$

(706.6

)

 

$

466.8

 

 

 

 

September 30, 2020

 

 

 

Weighted-

Average

Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution network

 

 

39.1

 

 

$

55.4

 

 

$

(33.8

)

 

$

21.6

 

Technology-related

 

 

11.9

 

 

 

104.7

 

 

 

(103.3

)

 

 

1.4

 

Customer relationships

 

 

12.8

 

 

 

554.7

 

 

 

(545.6

)

 

 

9.1

 

Other

 

 

16.3

 

 

 

16.4

 

 

 

(15.0

)

 

 

1.4

 

 

 

 

14.7

 

 

 

731.2

 

 

 

(697.7

)

 

 

33.5

 

Non-amortizable trade names

 

 

 

 

 

 

384.7

 

 

 

 

 

 

384.7

 

 

 

 

 

 

 

$

1,115.9

 

 

$

(697.7

)

 

$

418.2