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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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,
		2023												2022
		External Customers				Inter- segment				Net Sales				External Customers				Inter- segment				Net Sales
Net sales:
Access
Aerial work platforms		$	664.9			$	—			$	664.9			$	451.5			$	—			$	451.5
Telehandlers			390.8				—				390.8				309.8				—				309.8
Other			272.6				—				272.6				215.7				0.1				215.8
Total Access			1,328.3				—				1,328.3				977.0				0.1				977.1
Defense			497.8				0.3				498.1				538.9				0.4				539.3
Vocational
Fire apparatus			296.5				—				296.5				268.3				—				268.3
Refuse collection			157.9				—				157.9				143.4				—				143.4
Other			132.5				0.6				133.1				138.4				1.7				140.1
Total Vocational			586.9				0.6				587.5				550.1				1.7				551.8
Corporate and intersegment eliminations			0.1				(0.9	)			(0.8	)			—				(2.2	)			(2.2	)
Consolidated		$	2,413.1			$	—			$	2,413.1			$	2,066.0			$	—			$	2,066.0

		Six Months Ended June 30,
		2023												2022
		External Customers				Inter- segment				Net Sales				External Customers				Inter- segment				Net Sales
Net sales:
Access
Aerial work platforms		$	1,266.9			$	—			$	1,266.9			$	891.2			$	—			$	891.2
Telehandlers			732.2				—				732.2				539.5				—				539.5
Other			522.4				—				522.4				429.3				0.2				429.5
Total Access			2,521.5				—				2,521.5				1,860.0				0.2				1,860.2
Defense			1,010.6				0.6				1,011.2				1,074.1				0.8				1,074.9
Vocational
Fire apparatus			584.9				—				584.9				548.2				—				548.2
Refuse collection			299.8				—				299.8				272.7				—				272.7
Other			264.2				1.3				265.5				256.7				3.5				260.2
Total Vocational			1,148.9				1.3				1,150.2				1,077.6				3.5				1,081.1
Corporate and intersegment eliminations			0.2				(1.9	)			(1.7	)			—				(4.5	)			(4.5	)
Consolidated		$	4,681.2			$	—			$	4,681.2			$	4,011.7			$	—			$	4,011.7

Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments

		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Operating income (loss):
Access		$	211.7			$	72.7			$	346.7			$	78.4
Defense			6.3				3.8				8.0				23.2
Vocational (a)			60.5				39.8				88.6				80.8
Corporate			(43.6	)			(40.0	)			(77.6	)			(74.3	)
Consolidated			234.9				76.3				365.7				108.1
Interest expense, net of interest income			(8.1	)			(11.9	)			(15.3	)			(23.5	)
Miscellaneous other income			4.8				(15.1	)			10.6				(14.0	)
Income before income taxes and losses of unconsolidated affiliates		$	231.6			$	49.3			$	361.0			$	70.6

(a)Results for the six months ended June 30, 2023 include a charge of $13.3 million on the sale of the rear discharge mixer business.

Schedule of Identifiable Assets by Business Segments and by Geographical Areas

		June 30, 2023				December 31, 2022
Identifiable assets:
Access:
U.S.		$	2,686.3			$	2,493.0
Europe, Africa and Middle East			687.1				562.2
Rest of the World			490.0				428.4
Total Access			3,863.4				3,483.6
Defense:
U.S.			2,247.2				2,060.0
Rest of the World			6.6				6.9
Total Defense			2,253.8				2,066.9
Vocational:
U.S.			1,168.3				1,063.4
Rest of the World			37.2				64.6
Total Vocational			1,205.5				1,128.0
Corporate - U.S. (a)			721.6				1,050.5
Consolidated		$	8,044.3			$	7,729.0

(a)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, 2023
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	1,051.9			$	425.7			$	579.0			$	(0.8	)		$	2,055.8
Europe, Africa and Middle East			154.2				72.1				5.0				—				231.3
Rest of the World			122.2				0.3				3.5				—				126.0
Consolidated		$	1,328.3			$	498.1			$	587.5			$	(0.8	)		$	2,413.1

		Three Months Ended June 30, 2022
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	841.8			$	521.5			$	534.9			$	(2.2	)		$	1,896.0
Europe, Africa and Middle East			67.1				17.4				6.6				—				91.1
Rest of the World			68.2				0.4				10.3				—				78.9
Consolidated		$	977.1			$	539.3			$	551.8			$	(2.2	)		$	2,066.0

		Six Months Ended June 30, 2023
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	2,000.5			$	853.3			$	1,132.4			$	(1.7	)		$	3,984.5
Europe, Africa and Middle East			290.9				157.4				6.7				—				455.0
Rest of the World			230.1				0.5				11.1				—				241.7
Consolidated		$	2,521.5			$	1,011.2			$	1,150.2			$	(1.7	)		$	4,681.2

		Six Months Ended June 30, 2022
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	1,574.7			$	1,045.8			$	1,049.6			$	(4.5	)		$	3,665.6
Europe, Africa and Middle East			148.1				28.4				7.5				—				184.0
Rest of the World			137.4				0.7				24.0				—				162.1
Consolidated		$	1,860.2			$	1,074.9			$	1,081.1			$	(4.5	)		$	4,011.7

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