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BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of business segment information | Business segment information is presented below (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net sales |  |  |  |  |  |  |
MP | $ | 480.7 |  |  | $ | 440.8 |  |  | $ | 933.4 |  |  | $ | 819.0 |
AWP | 597.7 |  |  | 595.2 |  |  | 1,149.2 |  |  | 1,071.9 |
Corporate and Other / Eliminations | (1.3) |  |  | 2.7 |  |  | (3.0) |  |  | 12.0 |
Total | $ | 1,077.1 |  |  | $ | 1,038.7 |  |  | $ | 2,079.6 |  |  | $ | 1,902.9 |
Income (loss) from operations |  |  |  |  |  |  |
MP | $ | 79.5 |  |  | $ | 72.1 |  |  | $ | 144.0 |  |  | $ | 121.2 |
AWP | 46.2 |  |  | 65.2 |  |  | 78.7 |  |  | 91.8 |
Corporate and Other / Eliminations | (21.8) |  |  | (14.8) |  |  | (44.3) |  |  | (29.0) |
Total | $ | 103.9 |  |  | $ | 122.5 |  |  | $ | 178.4 |  |  | $ | 184.0 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| June 30, 2022 |  | December 31, 2021
Identifiable assets |  |  |
MP | $ | 1,685.7 |  |  | $ | 1,648.0 |
AWP | 1,990.6 |  |  | 1,870.8 |
Corporate and Other / Eliminations | (682.6) |  |  | (655.3) |
Total | $ | 2,993.7 |  |  | $ | 2,863.5 |
Revenue from External Customers by Geographic Areas | Geographic net sales information is presented below (in millions):
|  |  | Three Months Ended June 30, 2022 |  |  | Three Months Ended June 30, 2021
|  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  |  | $ | 205.5 |  |  | $ | 416.6 |  |  | $ | 1.5 |  |  | $ | 623.6 |  |  |  |  | $ | 182.7 |  |  | $ | 393.2 |  |  | $ | 5.2 |  |  | $ | 581.1 |
Western Europe |  |  | 145.8 |  |  | 91.1 |  |  | 0.1 |  |  | 237.0 |  |  |  |  | 143.6 |  |  | 89.7 |  |  | 0.1 |  |  | 233.4 |
Asia-Pacific |  |  | 91.2 |  |  | 50.4 |  |  | — |  |  | 141.6 |  |  |  |  | 80.2 |  |  | 90.8 |  |  | 0.2 |  |  | 171.2 |
Rest of World (1) |  |  | 38.2 |  |  | 39.6 |  |  | (2.9) |  |  | 74.9 |  |  |  |  | 34.3 |  |  | 21.5 |  |  | (2.8) |  |  | 53.0 |
Total (2) |  |  | $ | 480.7 |  |  | $ | 597.7 |  |  | $ | (1.3) |  |  | $ | 1,077.1 |  |  |  |  | $ | 440.8 |  |  | $ | 595.2 |  |  | $ | 2.7 |  |  | $ | 1,038.7 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $564.1 million and $522.8 million for the three months ended June 30, 2022 and 2021, respectively, attributable to the U.S., the Company’s country of domicile.
|  | Six Months Ended June 30, 2022 |  |  | Six Months Ended June 30, 2021
|  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  |  | $ | 371.8 |  |  | $ | 782.0 |  |  | $ | 3.4 |  |  | $ | 1,157.2 |  |  |  |  | $ | 329.1 |  |  | $ | 689.2 |  |  | $ | 15.4 |  |  | $ | 1,033.7 |
Western Europe |  |  | 294.7 |  |  | 194.6 |  |  | 0.2 |  |  | 489.5 |  |  |  |  | 261.9 |  |  | 184.0 |  |  | 0.2 |  |  | 446.1 |
Asia-Pacific |  |  | 187.9 |  |  | 95.6 |  |  | — |  |  | 283.5 |  |  |  |  | 162.5 |  |  | 161.1 |  |  | 0.4 |  |  | 324.0 |
Rest of World (1) |  |  | 79.0 |  |  | 77.0 |  |  | (6.6) |  |  | 149.4 |  |  |  |  | 65.5 |  |  | 37.6 |  |  | (4.0) |  |  | 99.1 |
Total (2) |  |  | $ | 933.4 |  |  | $ | 1,149.2 |  |  | $ | (3.0) |  |  | $ | 2,079.6 |  |  |  |  | $ | 819.0 |  |  | $ | 1,071.9 |  |  | $ | 12.0 |  |  | $ | 1,902.9 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $1,051.8 million and $938.5 million for the six months ended June 30, 2022 and 2021, respectively, attributable to the U.S., the Company’s country of domicile.
Revenue from External Customers by Products and Services | Product type net sales information is presented below (in millions):
|  |  | Three Months Ended June 30, 2022 |  |  |  | Three Months Ended June 30, 2021
|  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total
Net sales by product type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms |  |  | $ | — |  |  | $ | 436.0 |  |  | $ | 0.5 |  |  | $ | 436.5 |  |  |  |  | $ | — |  |  | $ | 448.4 |  |  | $ | 0.2 |  |  | $ | 448.6 |
Materials Processing Equipment |  |  | 282.1 |  |  | — |  |  | — |  |  | 282.1 |  |  |  |  | 261.3 |  |  | — |  |  | — |  |  | 261.3 |
Specialty Equipment |  |  | 198.3 |  |  | — |  |  | 0.3 |  |  | 198.6 |  |  |  |  | 179.5 |  |  | — |  |  | 0.8 |  |  | 180.3 |
Utility Equipment |  |  | — |  |  | 115.4 |  |  | — |  |  | 115.4 |  |  |  |  | — |  |  | 95.9 |  |  | — |  |  | 95.9 |
Other (1) |  |  | 0.3 |  |  | 46.3 |  |  | (2.1) |  |  | 44.5 |  |  |  |  | — |  |  | 50.9 |  |  | 1.7 |  |  | 52.6 |
Total |  |  | $ | 480.7 |  |  | $ | 597.7 |  |  | $ | (1.3) |  |  | $ | 1,077.1 |  |  |  |  | $ | 440.8 |  |  | $ | 595.2 |  |  | $ | 2.7 |  |  | $ | 1,038.7 |
(1) Includes other product types, intercompany sales and eliminations.
|  |  |  | Six Months Ended June 30, 2022 |  |  |  | Six Months Ended June 30, 2021 |  |  |  |
|  |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  |
Net sales by product type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms |  |  |  |  | $ | — |  |  | $ | 839.0 |  |  | $ | 0.8 |  |  | $ | 839.8 |  |  |  |  | $ | — |  |  | $ | 805.2 |  |  | $ | 0.6 |  |  | $ | 805.8 |  |  |  |  |
Materials Processing Equipment |  |  |  |  | 549.3 |  |  | — |  |  | 0.5 |  |  | 549.8 |  |  |  |  | 489.9 |  |  | — |  |  | — |  |  | 489.9 |  |  |  |  |
Specialty Equipment |  |  |  |  | 382.7 |  |  | — |  |  | 0.7 |  |  | 383.4 |  |  |  |  | 328.6 |  |  | — |  |  | 1.5 |  |  | 330.1 |  |  |  |  |
Utility Equipment |  |  |  |  | — |  |  | 226.6 |  |  | — |  |  | 226.6 |  |  |  |  | — |  |  | 187.7 |  |  | 0.6 |  |  | 188.3 |  |  |  |  |
Other (1) |  |  |  |  | 1.4 |  |  | 83.6 |  |  | (5.0) |  |  | 80.0 |  |  |  |  | 0.5 |  |  | 79.0 |  |  | 9.3 |  |  | 88.8 |  |  |  |  |
Total |  |  |  |  | $ | 933.4 |  |  | $ | 1,149.2 |  |  | $ | (3.0) |  |  | $ | 2,079.6 |  |  |  |  | $ | 819.0 |  |  | $ | 1,071.9 |  |  | $ | 12.0 |  |  | $ | 1,902.9 |  |  |  |  |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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