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BUSINESS SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of business segment information | Business segment information is presented below (in millions):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Net sales |  |  |  |  |
MP | $ | 1,941.6 |  |  | $ | 1,691.8 |  |  | $ | 1,256.8 |
AWP | 2,483.6 |  |  | 2,178.8 |  |  | 1,782.9 |
Corporate and Other / Eliminations | (7.5) |  |  | 16.2 |  |  | 36.7 |
Total | $ | 4,417.7 |  |  | $ | 3,886.8 |  |  | $ | 3,076.4 |
Income (loss) from operations |  |  |  |  |
MP | $ | 297.8 |  |  | $ | 240.9 |  |  | $ | 143.4 |
AWP | 196.2 |  |  | 152.1 |  |  | 0.5 |
Corporate and Other / Eliminations | (74.0) |  |  | (65.0) |  |  | (75.5) |
Total | $ | 420.0 |  |  | $ | 328.0 |  |  | $ | 68.4 |
Depreciation and amortization |  |  |  |  |
MP | $ | 14.4 |  |  | $ | 13.3 |  |  | $ | 11.4 |
AWP | 24.8 |  |  | 25.9 |  |  | 23.2 |
Corporate | 8.0 |  |  | 11.0 |  |  | 15.1 |
Total | $ | 47.2 |  |  | $ | 50.2 |  |  | $ | 49.7 |
Capital expenditures |  |  |  |  |
MP | $ | 25.2 |  |  | $ | 15.8 |  |  | $ | 11.6 |
AWP | 77.6 |  |  | 41.2 |  |  | 47.4 |
Corporate | 6.8 |  |  | 2.7 |  |  | 5.5 |
Total | $ | 109.6 |  |  | $ | 59.7 |  |  | $ | 64.5 |
| December 31,
| 2022 |  | 2021
Identifiable assets |  |  |
MP(1) | $ | 1,800.1 |  |  | $ | 1,648.0 |
AWP(2) | 2,122.5 |  |  | 1,870.8 |
Corporate and Other / Eliminations (3) | (804.5) |  |  | (655.3) |
Total | $ | 3,118.1 |  |  | $ | 2,863.5 |
(1) Increase primarily due to higher inventory. (2) Increase primarily due to higher trade receivables and inventory. (3) Change primarily due to higher intercompany eliminations.
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country |
| December 31,
| 2022 |  | 2021
Long-lived Assets |  |  |
U.S. | $ | 187.6 |  |  | $ | 218.0 |
United Kingdom | 81.8 |  |  | 76.4 |
Mexico | 82.6 |  |  | 22.9 |
China | 54.1 |  |  | 55.8 |
Other European countries | 40.2 |  |  | 37.9 |
All other | 19.3 |  |  | 18.6 |
Total | $ | 465.6 |  |  | $ | 429.6 |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area | Geographic net sales information is presented below (in millions):
| Year Ended December 31, 2022
| MP |  | AWP |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |
North America | $ | 818.6 |  |  | $ | 1,666.4 |  |  | $ | 12.2 |  |  | $ | 2,497.2 |
Western Europe | 566.6 |  |  | 386.9 |  |  | 0.4 |  |  | 953.9 |
Asia-Pacific | 384.6 |  |  | 227.2 |  |  | 0.6 |  |  | 612.4 |
Rest of World (1) | 171.8 |  |  | 203.1 |  |  | (20.7) |  |  | 354.2 |
Total (2) | $ | 1,941.6 |  |  | $ | 2,483.6 |  |  | $ | (7.5) |  |  | $ | 4,417.7 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $2.2 billion attributable to the U.S., the Company’s country of domicile.
| Year Ended December 31, 2021
| MP |  | AWP |  |  |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |
North America | $ | 667.4 |  |  | $ | 1,415.8 |  |  |  |  | $ | 26.3 |  |  | $ | 2,109.5 |
Western Europe | 515.6 |  |  | 346.7 |  |  |  |  | 0.5 |  |  | 862.8 |
Asia-Pacific | 349.3 |  |  | 310.3 |  |  |  |  | 3.1 |  |  | 662.7 |
Rest of World (1) | 159.5 |  |  | 106.0 |  |  |  |  | (13.7) |  |  | 251.8 |
Total (2) | $ | 1,691.8 |  |  | $ | 2,178.8 |  |  |  |  | $ | 16.2 |  |  | $ | 3,886.8 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $1.9 billion attributable to the U.S., the Company’s country of domicile.
| Year Ended December 31, 2020
| MP |  | AWP |  |  |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |
North America | $ | 497.7 |  |  | $ | 1,185.2 |  |  |  |  | $ | 62.5 |  |  | $ | 1,745.4 |
Western Europe | 379.0 |  |  | 230.7 |  |  |  |  | 0.3 |  |  | 610.0 |
Asia-Pacific | 256.0 |  |  | 271.6 |  |  |  |  | 2.6 |  |  | 530.2 |
Rest of World (1) | 124.1 |  |  | 95.4 |  |  |  |  | (28.7) |  |  | 190.8 |
Total (2) | $ | 1,256.8 |  |  | $ | 1,782.9 |  |  |  |  | $ | 36.7 |  |  | $ | 3,076.4 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $1.6 billion attributable to the U.S., the Company’s country of domicile. The Company attributes sales to unaffiliated customers in different geographical areas based on the location of the customer. Product type net sales information is presented below (in millions):
| Year Ended December 31, 2022
| MP |  | AWP |  |  |  | Corporate and Other / Eliminations |  | Total
Net sales by product type |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | — |  |  | $ | 1,798.8 |  |  |  |  | $ | 1.2 |  |  | $ | 1,800.0 |
Materials Processing Equipment | 1,155.0 |  |  | — |  |  |  |  | 0.5 |  |  | 1,155.5 |
Specialty Equipment | 780.7 |  |  | — |  |  |  |  | 1.3 |  |  | 782.0 |
Utility Equipment | — |  |  | 466.4 |  |  |  |  | — |  |  | 466.4 |
Other (1) | 5.9 |  |  | 218.4 |  |  |  |  | (10.5) |  |  | 213.8 |
Total | $ | 1,941.6 |  |  | $ | 2,483.6 |  |  |  |  | $ | (7.5) |  |  | $ | 4,417.7 |
(1) Includes other product types, intercompany sales and eliminations.
| Year Ended December 31, 2021
| MP |  | AWP |  |  |  | Corporate and Other / Eliminations |  | Total
Net sales by product type |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | — |  |  | $ | 1,611.8 |  |  |  |  | $ | 1.6 |  |  | $ | 1,613.4 |
Materials Processing Equipment | 995.9 |  |  | — |  |  |  |  | 1.3 |  |  | 997.2 |
Specialty Equipment | 693.5 |  |  | — |  |  |  |  | 2.2 |  |  | 695.7 |
Utility Equipment | — |  |  | 380.6 |  |  |  |  | 0.6 |  |  | 381.2 |
Other (1) | 2.4 |  |  | 186.4 |  |  |  |  | 10.5 |  |  | 199.3 |
Total | $ | 1,691.8 |  |  | $ | 2,178.8 |  |  |  |  | $ | 16.2 |  |  | $ | 3,886.8 |
(1) Includes other product types, intercompany sales and eliminations.
| Year Ended December 31, 2020
| MP |  | AWP |  |  |  | Corporate and Other / Eliminations |  | Total
Net sales by product type |  |  |  |  |  |  |  |  |
Aerial Work Platforms | $ | — |  |  | $ | 1,234.8 |  |  |  |  | $ | 0.9 |  |  | $ | 1,235.7 |
Materials Processing Equipment | 760.5 |  |  | — |  |  |  |  | — |  |  | 760.5 |
Specialty Equipment | 493.6 |  |  | — |  |  |  |  | 1.4 |  |  | 495.0 |
Utility Equipment | — |  |  | 352.4 |  |  |  |  | — |  |  | 352.4 |
Other (1) | 2.7 |  |  | 195.7 |  |  |  |  | 34.4 |  |  | 232.8 |
Total | $ | 1,256.8 |  |  | $ | 1,782.9 |  |  |  |  | $ | 36.7 |  |  | $ | 3,076.4 |
(1) Includes other product types, intercompany sales and eliminations.

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- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + 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 (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + 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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