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Business Segment Information (Tables) | 9 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of Net Sales by Product Lines and Reportable Segments | Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions):
|  | Three Months Ended June 30, |
|  | 2021 |  |  | 2020 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 450.9 |  |  | $ | — |  |  | $ | 450.9 |  |  | $ | 221.0 |  |  | $ | — |  |  | $ | 221.0 |
Telehandlers |  |  | 233.5 |  |  |  | — |  |  |  | 233.5 |  |  |  | 127.5 |  |  |  | — |  |  |  | 127.5 |
Other |  |  | 238.7 |  |  |  | 1.2 |  |  |  | 239.9 |  |  |  | 131.4 |  |  |  | 8.1 |  |  |  | 139.5 |
Total Access Equipment |  |  | 923.1 |  |  |  | 1.2 |  |  |  | 924.3 |  |  |  | 479.9 |  |  |  | 8.1 |  |  |  | 488.0 |
Defense (a) |  |  | 709.9 |  |  |  | 0.5 |  |  |  | 710.4 |  |  |  | 558.1 |  |  |  | 3.1 |  |  |  | 561.2 |
Fire & Emergency (a) |  |  | 298.4 |  |  |  | 4.1 |  |  |  | 302.5 |  |  |  | 297.6 |  |  |  | 2.0 |  |  |  | 299.6 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Refuse collection |  |  | 137.4 |  |  |  | — |  |  |  | 137.4 |  |  |  | 99.2 |  |  |  | — |  |  |  | 99.2 |
Concrete placement |  |  | 113.4 |  |  |  | — |  |  |  | 113.4 |  |  |  | 121.5 |  |  |  | — |  |  |  | 121.5 |
Other |  |  | 26.6 |  |  |  | 0.7 |  |  |  | 27.3 |  |  |  | 24.4 |  |  |  | 2.6 |  |  |  | 27.0 |
Total Commercial |  |  | 277.4 |  |  |  | 0.7 |  |  |  | 278.1 |  |  |  | 245.1 |  |  |  | 2.6 |  |  |  | 247.7 |
Corporate and intersegment eliminations (a) |  |  | — |  |  |  | (6.5 | ) |  |  | (6.5 | ) |  |  | 0.1 |  |  |  | (15.8 | ) |  |  | (15.7 | )
Consolidated |  | $ | 2,208.8 |  |  | $ | — |  |  | $ | 2,208.8 |  |  | $ | 1,580.8 |  |  | $ | — |  |  | $ | 1,580.8 |
(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.
|  | Nine Months Ended June 30, |
|  | 2021 |  |  | 2020 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Access Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 1,087.1 |  |  | $ | — |  |  | $ | 1,087.1 |  |  | $ | 800.7 |  |  | $ | — |  |  | $ | 800.7 |
Telehandlers |  |  | 531.6 |  |  |  | — |  |  |  | 531.6 |  |  |  | 546.5 |  |  |  | — |  |  |  | 546.5 |
Other |  |  | 603.4 |  |  |  | 4.1 |  |  |  | 607.5 |  |  |  | 543.6 |  |  |  | 8.1 |  |  |  | 551.7 |
Total Access Equipment |  |  | 2,222.1 |  |  |  | 4.1 |  |  |  | 2,226.2 |  |  |  | 1,890.8 |  |  |  | 8.1 |  |  |  | 1,898.9 |
Defense (a) |  |  | 1,874.2 |  |  |  | 1.2 |  |  |  | 1,875.4 |  |  |  | 1,684.1 |  |  |  | 8.5 |  |  |  | 1,692.6 |
Fire & Emergency (a) |  |  | 876.9 |  |  |  | 12.0 |  |  |  | 888.9 |  |  |  | 792.2 |  |  |  | 6.6 |  |  |  | 798.8 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Refuse collection |  |  | 344.1 |  |  |  | — |  |  |  | 344.1 |  |  |  | 330.3 |  |  |  | — |  |  |  | 330.3 |
Concrete placement |  |  | 278.4 |  |  |  | — |  |  |  | 278.4 |  |  |  | 286.9 |  |  |  | — |  |  |  | 286.9 |
Other |  |  | 77.9 |  |  |  | 3.4 |  |  |  | 81.3 |  |  |  | 86.8 |  |  |  | 4.6 |  |  |  | 91.4 |
Total Commercial |  |  | 700.4 |  |  |  | 3.4 |  |  |  | 703.8 |  |  |  | 704.0 |  |  |  | 4.6 |  |  |  | 708.6 |
Corporate and intersegment eliminations (a) |  |  | 0.7 |  |  |  | (20.7 | ) |  |  | (20.0 | ) |  |  | 1.5 |  |  |  | (27.8 | ) |  |  | (26.3 | )
Consolidated |  | $ | 5,674.3 |  |  | $ | — |  |  | $ | 5,674.3 |  |  | $ | 5,072.6 |  |  | $ | — |  |  | $ | 5,072.6 |
(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 Income (Loss) from Continuing Operations by Product Lines and Reportable Segments |
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Access Equipment (a) |  | $ | 113.0 |  |  | $ | 33.5 |  |  | $ | 218.4 |  |  | $ | 173.3 |
Defense (b) |  |  | 59.8 |  |  |  | 41.4 |  |  |  | 148.1 |  |  |  | 132.1 |
Fire & Emergency (b) |  |  | 44.5 |  |  |  | 46.2 |  |  |  | 127.0 |  |  |  | 96.1 |
Commercial |  |  | 29.6 |  |  |  | 23.8 |  |  |  | 60.3 |  |  |  | 49.7 |
Corporate |  |  | (43.1 | ) |  |  | (26.3 | ) |  |  | (113.3 | ) |  |  | (89.9 | )
Consolidated |  |  | 203.8 |  |  |  | 118.6 |  |  |  | 440.5 |  |  |  | 361.3 |
Interest expense, net of interest income |  |  | (11.7 | ) |  |  | (11.7 | ) |  |  | (34.3 | ) |  |  | (44.2 | )
Miscellaneous other income (expense) |  |  | 0.4 |  |  |  | 1.5 |  |  |  | 2.0 |  |  |  | (4.7 | )
Income before income taxes and losses of unconsolidated affiliates |  | $ | 192.5 |  |  | $ | 108.4 |  |  | $ | 408.2 |  |  | $ | 312.4 |
(a) | Results for the three and nine months ended June 30, 2021 include a $0.2 million and $3.4 million charge for restructuring, respectively. The Company incurred additional charges of $1.1 million and $8.1 million of other costs related to restructuring plans in the three and nine months ended June 30, 2021, respectively.
(b) | 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 Identifiable Assets by Business Segments and by Geographical Areas |
|  | June 30, 2021 |  |  | September 30, 2020 |
Identifiable assets: |  |  |  |  |  |  |  |
Access Equipment: |  |  |  |  |  |  |  |
U.S. |  | $ | 2,211.5 |  |  | $ | 2,151.4 |
Europe, Africa and Middle East |  |  | 447.6 |  |  |  | 383.4 |
Rest of the World |  |  | 380.0 |  |  |  | 359.0 |
Total Access Equipment |  |  | 3,039.1 |  |  |  | 2,893.8 |
Defense: (a) |  |  |  |  |  |  |  |
U.S. |  |  | 1,333.4 |  |  |  | 1,078.7 |
Rest of the World |  |  | 4.8 |  |  |  | 7.2 |
Total Defense |  |  | 1,338.2 |  |  |  | 1,085.9 |
Fire & Emergency - U.S. (a) |  |  | 515.3 |  |  |  | 563.6 |
Commercial: |  |  |  |  |  |  |  |
U.S. |  |  | 358.9 |  |  |  | 370.7 |
Rest of the World |  |  | 62.0 |  |  |  | 47.5 |
Total Commercial |  |  | 420.9 |  |  |  | 418.2 |
Corporate - U.S. (b) |  |  | 1,392.8 |  |  |  | 854.4 |
Consolidated |  | $ | 6,706.3 |  |  | $ | 5,815.9 |
(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.
(b) | Primarily includes cash and short-term investments and the Company’s global headquarters.
Schedule of Net Sales by Geographical Areas | The following table presents net sales by geographic region based on product shipment destination (in millions):
|  | Three Months Ended June 30, 2021 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 719.9 |  |  | $ | 682.4 |  |  | $ | 287.4 |  |  | $ | 275.6 |  |  | $ | (6.5 | ) |  | $ | 1,958.8 |
Europe, Africa and Middle East |  |  | 75.7 |  |  |  | 25.4 |  |  |  | 9.8 |  |  |  | 0.5 |  |  |  | — |  |  |  | 111.4 |
Rest of the World |  |  | 128.7 |  |  |  | 2.6 |  |  |  | 5.3 |  |  |  | 2.0 |  |  |  | — |  |  |  | 138.6 |
Consolidated |  | $ | 924.3 |  |  | $ | 710.4 |  |  | $ | 302.5 |  |  | $ | 278.1 |  |  | $ | (6.5 | ) |  | $ | 2,208.8 |
|  | Three Months Ended June 30, 2020 |
|  | Access Equipment |  |  | Defense (a) |  |  | Fire & Emergency (a) |  |  | Commercial |  |  | Eliminations (a) |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 341.2 |  |  | $ | 528.8 |  |  | $ | 267.1 |  |  | $ | 246.9 |  |  | $ | (15.7 | ) |  | $ | 1,368.3 |
Europe, Africa and Middle East |  |  | 57.5 |  |  |  | 31.3 |  |  |  | 27.5 |  |  |  | 0.2 |  |  |  | — |  |  |  | 116.5 |
Rest of the World |  |  | 89.3 |  |  |  | 1.1 |  |  |  | 5.0 |  |  |  | 0.6 |  |  |  | — |  |  |  | 96.0 |
Consolidated |  | $ | 488.0 |  |  | $ | 561.2 |  |  | $ | 299.6 |  |  | $ | 247.7 |  |  | $ | (15.7 | ) |  | $ | 1,580.8 |
|  | Nine Months Ended June 30, 2021 |
|  | Access Equipment |  |  | Defense |  |  | Fire & Emergency |  |  | Commercial |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,680.6 |  |  | $ | 1,727.8 |  |  | $ | 837.2 |  |  | $ | 698.1 |  |  | $ | (20.0 | ) |  | $ | 4,923.7 |
Europe, Africa and Middle East |  |  | 232.9 |  |  |  | 143.7 |  |  |  | 36.1 |  |  |  | 1.2 |  |  |  | — |  |  |  | 413.9 |
Rest of the World |  |  | 312.7 |  |  |  | 3.9 |  |  |  | 15.6 |  |  |  | 4.5 |  |  |  | — |  |  |  | 336.7 |
Consolidated |  | $ | 2,226.2 |  |  | $ | 1,875.4 |  |  | $ | 888.9 |  |  | $ | 703.8 |  |  | $ | (20.0 | ) |  | $ | 5,674.3 |
|  | Nine Months Ended June 30, 2020 |
|  | Access Equipment |  |  | Defense (a) |  |  | Fire & Emergency (a) |  |  | Commercial |  |  | Eliminations (a) |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,442.2 |  |  | $ | 1,633.6 |  |  | $ | 739.7 |  |  | $ | 699.6 |  |  | $ | (26.3 | ) |  | $ | 4,488.8 |
Europe, Africa and Middle East |  |  | 216.4 |  |  |  | 55.1 |  |  |  | 28.3 |  |  |  | 1.1 |  |  |  | — |  |  |  | 300.9 |
Rest of the World |  |  | 240.3 |  |  |  | 3.9 |  |  |  | 30.8 |  |  |  | 7.9 |  |  |  | — |  |  |  | 282.9 |
Consolidated |  | $ | 1,898.9 |  |  | $ | 1,692.6 |  |  | $ | 798.8 |  |  | $ | 708.6 |  |  | $ | (26.3 | ) |  | $ | 5,072.6 |
(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.

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