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Goodwill and Purchased Intangible Assets (Tables)
6 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table presents changes in goodwill during the six months ended March 31, 2021 (in millions):

 

 

Access

Equipment

 

 

Defense

 

 

Fire &

Emergency

 

 

Commercial

 

 

Total

 

Net goodwill at September 30, 2020

 

$

882.6

 

 

$

 

 

$

106.1

 

 

$

20.8

 

 

$

1,009.5

 

Foreign currency translation

 

 

1.5

 

 

 

 

 

 

 

 

 

0.1

 

 

 

1.6

 

Acquisition

 

 

 

 

 

75.4

 

 

 

 

 

 

 

 

 

75.4

 

Net goodwill at March 31, 2021

 

$

884.1

 

 

$

75.4

 

 

$

106.1

 

 

$

20.9

 

 

$

1,086.5

 

 

 

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):

 

 

 

March 31, 2021

 

 

September 30, 2020

 

 

 

Gross

 

 

Accumulated

Impairment

 

 

Net

 

 

Gross

 

 

Accumulated

Impairment

 

 

Net

 

Access Equipment

 

$

1,816.2

 

 

$

(932.1

)

 

$

884.1

 

 

$

1,814.7

 

 

$

(932.1

)

 

$

882.6

 

Defense

 

 

75.4

 

 

 

 

 

 

75.4

 

 

 

 

 

 

 

 

 

 

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

 

 

 

$

2,188.2

 

 

$

(1,101.7

)

 

$

1,086.5

 

 

$

2,119.5

 

 

$

(1,110.0

)

 

$

1,009.5

 

 

 

Schedule of Purchased Intangible Assets

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

 

 

March 31, 2021

 

 

 

Weighted-

Average

Life

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution network

 

 

39.2

 

 

$

55.3

 

 

$

(34.4

)

 

$

20.9

 

Technology-related

 

 

11.9

 

 

 

104.8

 

 

 

(103.6

)

 

 

1.2

 

Customer relationships

 

 

12.8

 

 

 

554.2

 

 

 

(546.6

)

 

 

7.6

 

Other

 

 

16.4

 

 

 

16.5

 

 

 

(15.1

)

 

 

1.4

 

 

 

 

14.4

 

 

 

730.8

 

 

 

(699.7

)

 

 

31.1

 

Preliminary acquisition amortizable intangible assets

 

 

7.0

 

 

 

32.3

 

 

 

(0.9

)

 

 

31.4

 

 

 

 

14.1

 

 

 

763.1

 

 

 

(700.6

)

 

 

62.5

 

Non-amortizable trade names

 

 

 

 

 

 

384.8

 

 

 

 

 

 

384.8

 

 

 

 

 

 

 

$

1,147.9

 

 

$

(700.6

)

 

$

447.3

 

 

 

 

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