Business Segment Information (Tables)

12 Months Ended

Sep. 30, 2021

Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions):

	Fiscal Year Ended September 30,
	2021								2020								2019
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Access Equipment
Aerial work platforms	$	1,471.4	$	—		$	1,471.4		$	1,101.7	$	—		$	1,101.7		$	1,944.4	$	—		$	1,944.4
Telehandlers		769.4		—			769.4			680.4		—			680.4			1,254.9		—			1,254.9
Other		826.5		4.8			831.3			723.6		9.4			733.0			880.4		—			880.4
Total Access Equipment		3,067.3		4.8			3,072.1			2,505.7		9.4			2,515.1			4,079.7		—			4,079.7

Defense ^(a)		2,524.1		1.5			2,525.6			2,300.4		11.1			2,311.5			2,085.7		11.8			2,097.5

Fire & Emergency ^(a)		1,211.6		15.0			1,226.6			1,098.0		9.0			1,107.0			1,194.4		16.3			1,210.7

Commercial
Refuse collection		465.9		—			465.9			437.2		—			437.2			451.9		—			451.9
Concrete		364.8		—			364.8			403.5		—			403.5			439.9		—			439.9
Other		102.9		4.0			106.9			110.6		6.5			117.1			128.3		2.1			130.4
Total Commercial		933.6		4.0			937.6			951.3		6.5			957.8			1,020.1		2.1			1,022.2
Corporate and intersegment eliminations ^(a)		0.7		(25.3	)		(24.6	)		1.4		(36.0	)		(34.6	)		2.1		(30.2	)		(28.1	)
Consolidated	$	7,737.3	$	—		$	7,737.3		$	6,856.8	$	—		$	6,856.8		$	8,382.0	$	—		$	8,382.0

^(a)	^{Results for fiscal 2020 and fiscal 2019 have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.}

	Fiscal Year Ended September 30,
	2021			2020			2019
Operating income (loss):
Access Equipment ^(a)	$	249.1		$	198.6		$	502.6
Defense ^{(b) (c)}		197.8			188.1			207.8
Fire & Emergency ^{(b) (d)}		174.2			146.5			172.0
Commercial ^(e)		71.0			81.2			66.8
Corporate ^(f)		(147.4	)		(125.7	)		(152.2	)
Consolidated		544.7			488.7			797.0
Interest expense, net of interest income ^(g)		(44.7	)		(51.8	)		(47.6	)
Miscellaneous other (expense) income ^(h)		(2.1	)		2.2			1.3
Income before income taxes and losses of unconsolidated affiliates	$	497.9		$	439.1		$	750.7

^(a)	Fiscal 2021 results include $3.1 million of restructuring costs and $7.4 million operating expenses related to restructuring plans. Fiscal 2020 results include $10.4 million of restructuring costs and $4.7 million operating expenses related to restructuring plans.

^(b)	Results for fiscal 2020 and fiscal 2019 have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

⁽^c⁾	Fiscal 2021 results include $1.0 million of acquisition related costs. Fiscal 2020 results include reimbursement of $0.9 million of legal costs associated with an arbitration settlement.

⁽^d⁾	Fiscal 2020 includes $1.4 million of restructuring costs.

⁽^e⁾	Fiscal 2020 results include $1.5 million of restructuring costs, $4.1 million of accelerated depreciation related to restructuring actions, a gain of $12.3 million arising from a business interruption insurance recovery and a gain on the sale of a business of $3.1 million.

⁽^f⁾	Fiscal 2021 includes a $0.4 million benefit from restructuring activities. Fiscal 2020 includes $1.1 million of restructuring costs.

⁽^g⁾	Fiscal 2020 results include $8.5 million in debt extinguishment costs and $3.3 million of interest income from an arbitration settlement in the Defense segment.

⁽^h⁾	Fiscal 2020 results include a $6.2 million gain from insurance proceeds in excess of property loss in the Commercial segment.

	Fiscal Year Ended September 30,
	2021		2020		2019
Depreciation and amortization:
Access Equipment ^(a)	$	37.9	$	42.1	$	58.2
Defense ^(b)		27.8		20.1		17.8
Fire & Emergency ^(b)		10.0		10.0		9.0
Commercial ^(c)		13.1		17.1		12.4
Corporate		15.2		14.9		17.8
Consolidated	$	104.0	$	104.2	$	115.2
Capital expenditures:
Access Equipment ^(d)	$	55.8	$	56.5	$	61.4
Defense ^(b)		23.8		32.4		32.0
Fire & Emergency ^(b)		8.1		6.7		12.2
Commercial ^(d)		21.3		18.9		18.1
Corporate ^(e)		5.8		15.7		50.5
Consolidated	$	114.8	$	130.2	$	174.2

^(a)	Includes $3.6 million and $2.8 million of accelerated depreciation associated with restructuring actions in fiscal 2021 and fiscal 2020, respectively.

^(b)	Results for fiscal 2020 and fiscal 2019 have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

⁽^c⁾	Includes $4.1 million of accelerated depreciation associated with restructuring actions in fiscal 2020.

⁽^d⁾	Capital expenditures include both the purchase of property, plant and equipment and equipment held for rental.

⁽^e⁾	Capital expenditures include capital spending for the construction of the Company’s new global headquarters in fiscal 2019.

	September 30,
	2021		2020
Identifiable assets:
Access Equipment:
U.S.	$	2,191.3	$	2,151.4
Europe, Africa and Middle East		470.9		383.4
Rest of the world		371.4		359.0
Total Access Equipment		3,033.6		2,893.8
Defense: ^(a)
U.S.		1,151.1		1,078.7
Rest of the world		7.2		7.2
Total Defense		1,158.3		1,085.9
Fire & Emergency - U.S. ^(a)		536.3		563.6
Commercial:
U.S.		377.8		370.7
Rest of the world		54.8		47.5
Total Commercial		432.6		418.2
Corporate - U.S. ^(b)		1,730.8		854.4
Consolidated	$	6,891.6	$	5,815.9

^(a)	Results for September 30, 2020 have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

⁽^b⁾	Primarily includes cash and short-term investments and the Company’s global headquarters.

The following table presents net sales by geographic region based on product shipment destination (in millions):

	Fiscal Year Ended September 30, 2021
	Access Equipment		Defense		Fire & Emergency		Commercial		Eliminations			Total
Net sales:
North America	$	2,358.9	$	2,337.8	$	1,147.4	$	929.0	$	(24.6	)	$	6,748.5
Europe, Africa and Middle East		273.4		183.2		46.7		1.5		—			504.8
Rest of the World		439.8		4.6		32.5		7.1		—			484.0
Consolidated	$	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		Eliminations (a)			Total
Net sales:
North America	$	1,881.6	$	2,200.4	$	1,029.3	$	947.0	$	(34.6	)	$	6,023.7
Europe, Africa and Middle East		275.3		107.0		29.8		1.6		—			413.7
Rest of the World		358.2		4.1		47.9		9.2		—			419.4
Consolidated	$	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		Eliminations (a)			Total
Net sales:
North America	$	3,147.9	$	2,012.1	$	1,086.9	$	997.8	$	(28.1	)	$	7,216.6
Europe, Africa and Middle East		548.6		84.0		27.7		3.9		—			664.2
Rest of the World		383.2		1.4		96.1		20.5		—			501.2
Consolidated	$	4,079.7	$	2,097.5	$	1,210.7	$	1,022.2	$	(28.1	)	$	8,382.0

^(a)	^{Results for fiscal 2020 and fiscal 2019 have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.}