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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Product Lines and Reportable Segments

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

		Year Ended December 31, 2023												Year Ended December 31, 2022
		External Customers				Inter- segment				Net Sales				External Customers				Inter- segment				Net Sales
Net sales:
Access
Aerial work platforms		$	2,461.6			$	—			$	2,461.6			$	1,949.0			$	—			$	1,949.0
Telehandlers			1,480.2				—				1,480.2				1,174.8				—				1,174.8
Other			1,048.2				—				1,048.2				848.1				0.2				848.3
Total Access			4,990.0				—				4,990.0				3,971.9				0.2				3,972.1
Defense			2,092.0				6.2				2,098.2				2,139.9				1.4				2,141.3
Vocational
Fire apparatus			1,186.6				—				1,186.6				1,086.0				—				1,086.0
Refuse collection			590.7				—				590.7				536.4				—				536.4
Other			798.6				2.2				800.8				547.6				5.7				553.3
Total Vocational			2,575.9				2.2				2,578.1				2,170.0				5.7				2,175.7
Corporate and intersegment eliminations			—				(8.4	)			(8.4	)			0.2				(7.3	)			(7.1	)
Consolidated		$	9,657.9			$	—			$	9,657.9			$	8,282.0			$	—			$	8,282.0

		Three Months Ended December 31, 2021 (transition period)												Year Ended September 30, 2021
		External Customers				Inter- segment				Net Sales				External Customers				Inter- segment				Net Sales
Net sales:
Access
Aerial work platforms		$	415.3			$	—			$	415.3			$	1,471.4			$	—			$	1,471.4
Telehandlers			210.6				—				210.6				769.4				—				769.4
Other			207.4				0.2				207.6				826.5				4.8				831.3
Total Access			833.3				0.2				833.5				3,067.3				4.8				3,072.1
Defense			531.1				0.4				531.5				2,524.1				1.5				2,525.6
Vocational
Fire apparatus			215.1				—				215.1				1,199.2				—				1,199.2
Refuse collection			98.2				—				98.2				465.9				—				465.9
Other			113.9				2.0				115.9				480.1				19.0				499.1
Total Vocational			427.2				2.0				429.2				2,145.2				19.0				2,164.2
Corporate and intersegment eliminations			0.1				(2.6	)			(2.5	)			0.7				(25.3	)			(24.6	)
Consolidated		$	1,791.7			$	—			$	1,791.7			$	7,737.3			$	—			$	7,737.3

		Year Ended December 31,								(transition period) Three Months Ended December 31,				Year Ended September 30,
		2023				2022				2021				2021
Operating income (loss):
Access (a)		$	738.8			$	313.2			$	38.2			$	278.2
Defense (b)			91.6				46.2				16.0				200.7
Vocational (c)			185.5				154.4				18.3				260.6
Corporate			(178.3	)			(141.5	)			(30.9	)			(147.4	)
Consolidated			837.6				372.3				41.6				592.1
Interest expense, net of interest income			(53.8	)			(43.9	)			(11.8	)			(44.7	)
Miscellaneous, net (d)			13.8				(52.8	)			(5.6	)			(2.1	)
Income before income taxes and losses of unconsolidated affiliates		$	797.6			$	275.6			$	24.2			$	545.3

(a)Results for 2022 include expense of $4.6 million to eliminate cumulative translation adjustments upon liquidation of foreign entities. Results for fiscal 2021 include $3.1 million of restructuring costs and $7.4 million operating expenses related to restructuring plans.

(b)Results for 2023 include a gain of $8.0 million on the sale of the snow removal apparatus business. Results for 2022 include a $5.6 million intangible asset impairment charge.

(c)Results for 2023 include a loss of $13.3 million on the sale of the rear discharge mixer business, acquisition costs of $12.9 million related to the acquisition of AeroTech, $7.1 million of amortization of inventory fair value step-up and restructuring costs of $3.0 million. Results for 2022 include a $2.1 million intangible asset impairment charge.

(d)Results for 2023 include a gain of $4.7 million on the settlement of a claim with the Company's pension advisor. Results for 2022 include a $33.6 million charge from the settlement of a frozen pension plan.

		Year Ended December 31,								(transition period) Three Months Ended December 31,				Year Ended September 30,
		2023				2022				2021				2021
Depreciation and amortization:
Access (a)		$	55.1			$	37.4			$	9.1			$	37.9
Defense			36.6				29.9				7.9				27.8
Vocational			52.2				25.3				5.9				23.1
Corporate			16.0				15.0				4.1				15.2
Consolidated		$	159.9			$	107.6			$	27.0			$	104.0
Capital expenditures:
Access (b)		$	112.3			$	65.7			$	17.2			$	55.8
Defense			141.4				168.2				12.1				23.8
Vocational			73.0				42.2				12.9				29.4
Corporate			3.2				3.6				1.0				5.8
Consolidated		$	329.9			$	279.7			$	43.2			$	114.8

(a)Includes $3.6 million of accelerated depreciation associated with restructuring actions in fiscal 2021.

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

Schedule of Identifiable Assets by Business Segments and by Geographical Areas

The following tables provide long-lived asset by country in which the Company operates. Long-lived assets include property, plant and equipment, equipment held for rental, deferred contract costs and right of use assets.

		December 31, 2023
		Access				Defense				Vocational				Corporate				Total
Identifiable assets:
United States		$	303.8			$	1,134.6			$	344.5			$	112.4			$	1,895.3
China			34.8				—				—				—				34.8
Mexico			30.0				—				0.4				—				30.4
Netherlands			27.9				—				—				—				27.9
Other			49.7				0.2				6.0				—				55.9
Total		$	446.2			$	1,134.8			$	350.9			$	112.4			$	2,044.3

		December 31, 2022
		Access				Defense				Vocational				Corporate				Total
Identifiable assets:
United States		$	219.0			$	788.0			$	245.9			$	97.7			$	1,350.6
China			43.5				—				—				—				43.5
Mexico			26.6				—				—				—				26.6
Netherlands			21.6				—				—				—				21.6
Other			26.8				0.6				8.8				—				36.2
Total		$	337.5			$	788.6			$	254.7			$	97.7			$	1,478.5

Schedule of Net Sales by Geographical Areas

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

		Year Ended December 31, 2023
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	3,968.3			$	1,754.3			$	2,502.6			$	(8.4	)		$	8,216.8
Europe, Africa and Middle East			573.8				342.8				32.0				—				948.6
Rest of the World			447.9				1.1				43.5				—				492.5
Consolidated		$	4,990.0			$	2,098.2			$	2,578.1			$	(8.4	)		$	9,657.9

		Year Ended December 31, 2022
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	3,298.9			$	2,047.5			$	2,128.9			$	(7.1	)		$	7,468.2
Europe, Africa and Middle East			353.0				92.7				9.5				—				455.2
Rest of the World			320.2				1.1				37.3				—				358.6
Consolidated		$	3,972.1			$	2,141.3			$	2,175.7			$	(7.1	)		$	8,282.0

		Three Months Ended December 31, 2021 (transition period)
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	671.6			$	523.4			$	418.8			$	(2.5	)		$	1,611.3
Europe, Africa and Middle East			86.1				8.0				4.9				—				99.0
Rest of the World			75.8				0.1				5.5				—				81.4
Consolidated		$	833.5			$	531.5			$	429.2			$	(2.5	)		$	1,791.7

		Year Ended September 30, 2021
		Access				Defense				Vocational				Eliminations				Total
Net sales:
North America		$	2,358.9			$	2,337.8			$	2,076.4			$	(24.6	)		$	6,748.5
Europe, Africa and Middle East			273.4				183.2				48.2				—				504.8
Rest of the World			439.8				4.6				39.6				—				484.0
Consolidated		$	3,072.1			$	2,525.6			$	2,164.2			$	(24.6	)		$	7,737.3

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