XML 93 R86.htm IDEA: XBRL DOCUMENT v3.25.3
Business Segment Information - Schedule of Income (Loss) from Continuing Operations by Reportable Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Net sales $ 2,688.6 $ 2,741.4 $ 7,733.5 $ 8,132.1
Cost of sales (excluding R&D) 2,178.7 2,195.2 6,205.4 6,486.4
Research and development 39.4 40.2 133.2 123.6
Gross income 470.5 506.0 1,394.9 1,522.1
Employee compensation 114.8 130.1 368.0 379.4
Amortization of purchased intangibles 13.9 13.4 41.2 40.5
Intangible asset impairment 0.0 0.0 5.7 51.6
Other segment items 81.4 96.3 [1] 252.5 263.8 [2]
Operating income 260.4 266.2 727.5 786.8
Interest expense, net of interest income (28.1) (31.7) (81.2) (82.8)
Miscellaneous, net 6.1 3.6 13.9 0.1
Income before income taxes and losses of unconsolidated affiliates 238.4 238.1 660.2 704.1
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 2,688.6 2,741.4 7,733.5 8,132.1
Operating Segments | Access Segment        
Segment Reporting Information [Line Items]        
Net sales 1,109.7 1,363.3 3,322.8 4,007.7
Cost of sales (excluding R&D) 895.4 1,045.0 2,617.3 3,045.9
Research and development 21.1 21.5 64.4 60.4
Gross income 193.2 296.8 641.1 901.4
Employee compensation 36.5 40.7 118.2 120.4
Amortization of purchased intangibles 3.8 2.6 10.8 7.2
Intangible asset impairment 0.0 0.0 0.0 0.0
Other segment items 34.9 [3] 45.6 [1] 109.4 [4] 111.3 [2]
Operating income 118.0 207.9 402.7 662.5
Operating Segments | Vocational Segment        
Segment Reporting Information [Line Items]        
Net sales 968.0 814.2 2,804.5 2,429.7
Cost of sales (excluding R&D) 741.4 631.6 2,132.5 1,892.5
Research and development 13.3 11.3 45.3 33.0
Gross income 213.3 171.3 626.7 504.2
Employee compensation 33.4 32.0 102.7 95.9
Amortization of purchased intangibles 9.4 10.0 28.2 29.8
Intangible asset impairment 0.0 0.0 0.0 0.0
Other segment items 28.8 [3] 29.7 [1] 89.0 [4] 92.3 [2]
Operating income 141.7 99.6 406.8 286.2
Operating Segments | Transport Segment        
Segment Reporting Information [Line Items]        
Net sales 587.9 540.4 1,530.0 1,621.4
Cost of sales (excluding R&D) 522.7 498.9 1,391.5 1,487.2
Research and development 1.1 1.7 4.8 15.0
Gross income 64.1 39.8 133.7 119.2
Employee compensation 13.2 13.7 40.1 41.6
Amortization of purchased intangibles 0.0 0.0 0.0 0.0
Intangible asset impairment 0.0 0.0 0.0 0.0
Other segment items 14.3 [3] 14.9 [1] 38.6 [4] 41.2 [2]
Operating income 36.6 11.2 55.0 36.4
Operating Segments | Corporate and Other        
Segment Reporting Information [Line Items]        
Net sales 23.0 23.5 76.2 73.3
Cost of sales (excluding R&D) 19.2 19.7 64.1 60.8
Research and development 3.9 5.7 18.7 15.2
Gross income (0.1) (1.9) (6.6) (2.7)
Employee compensation 31.7 43.7 107.0 121.5
Amortization of purchased intangibles 0.7 0.8 2.2 3.5
Intangible asset impairment 0.0 0.0 5.7 51.6
Other segment items 3.4 [3] 6.1 [1] 15.5 [4] 19.0 [2]
Operating income $ (35.9) $ (52.5) $ (137.0) $ (198.3)
[1] Includes outside services and consulting, software and information technology, travel, office expenses, depreciation, advertising, lease expense and other miscellaneous SG&A expenses.
[2] Includes outside services and consulting, software and information technology, travel, office expenses, depreciation, advertising, lease expense and other miscellaneous SG&A expenses.
[3] Includes outside services and consulting, software and information technology, travel, office expenses, depreciation, advertising, lease expense and other miscellaneous SG&A expenses.
[4] Includes outside services and consulting, software and information technology, travel, office expenses, depreciation, advertising, lease expense and other miscellaneous SG&A expenses.