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Revenue Recognition (Tables)

9 Months Ended

Jun. 30, 2021

Sales And Revenue Recognition [Abstract]

Schedule of Changes Within Defense Segment Due to Contract Adjustments

Contract adjustments resulted in changes within the Defense segment as follows (in millions, except for per share amounts):

		Three Months Ended June 30,								Nine Months Ended June 30,
		2021				2020				2021				2020
Net sales		$	5.1			$	4.5			$	17.3			$	28.2
Operating income			3.2				1.6				14.1				15.2
Net income			2.5				1.2				10.8				11.6
Diluted earnings per share		$	0.04			$	0.02			$	0.16			$	0.17

Disaggregation of Revenue

The table below presents consolidated net sales disaggregated by segment and timing of revenue recognition (in millions):

		Three Months Ended June 30, 2021
		Access Equipment				Defense				Fire & Emergency				Commercial				Corporate and Intersegment Eliminations				Total
Point in time		$	907.1			$	10.1			$	297.8			$	155.7			$	(6.4	)		$	1,364.3
Over time			17.2				700.3				4.7				122.4				(0.1	)			844.5
		$	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				Corporate and Intersegment Eliminations (a)				Total
Point in time		$	472.1			$	5.7			$	296.0			$	153.5			$	(15.8	)		$	911.5
Over time			15.9				555.5				3.6				94.2				0.1				669.3
		$	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				Corporate and Intersegment Eliminations				Total
Point in time		$	2,176.3			$	40.0			$	874.3			$	397.0			$	(20.6	)		$	3,467.0
Over time			49.9				1,835.4				14.6				306.8				0.6				2,207.3
		$	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				Corporate and Intersegment Eliminations (a)				Total
Point in time		$	1,838.2			$	18.7			$	783.3			$	391.0			$	(27.7	)		$	3,003.5
Over time			60.7				1,673.9				15.5				317.6				1.4				2,069.1
		$	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.

Schedule of Contract Liabilities and Revenue Recognized

Contract liabilities consisted of the following (in millions).

		June 30,				September 30,
		2021				2020
Customer advances		$	623.3			$	491.4
Other current liabilities			82.6				59.5
Other long-term liabilities			77.9				53.7
Total contract liabilities		$	783.8			$	604.6

		Three Months Ended June 30,								Nine Months Ended June 30,
		2021				2020				2021				2020
Beginning liabilities recognized in revenue		$	158.2			$	102.2			$	476.1			$	392.8

Schedule of Changes in Warranty Liability and Unearned Extended Warranty Premiums

Changes in the Company’s service-type warranties were as follows (in millions):

		Nine Months Ended June 30,
		2021				2020
Balance at beginning of period		$	64.4			$	68.2
Deferred revenue for new service warranties			19.2				17.3
Amortization of deferred revenue			(19.4	)			(21.1	)
Foreign currency translation			0.3				0.3
Balance at end of period		$	64.5			$	64.7

Changes in the Company’s assurance-type warranty liability were as follows (in millions):

		Nine Months Ended June 30,
		2021				2020
Balance at beginning of period		$	67.4			$	65.1
Warranty provisions			35.7				29.3
Settlements made			(48.5	)			(40.1	)
Changes in liability for pre-existing warranties, net			14.9				12.1
Foreign currency translation			0.1				0.1
Acquisition			0.3				—
Balance at end of period		$	69.9			$	66.5

Schedule of Classification of Service-type Warranties in Consolidated Balance Sheets

Classification of service-type warranties in the Condensed Consolidated Balance Sheets consisted of the following (in millions):

		June 30,				September 30,
		2021				2020
Other current liabilities		$	23.9			$	24.7
Other long-term liabilities			40.6				39.7
		$	64.5			$	64.4

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