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BUSINESS SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Business Segment Information | Business segment information is presented below (in millions):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Net sales |  |  |  |  |  |  |
MP | $ | 520.0 |  |  | $ | 553.8 |  |  |  |  |
AWP | 772.7 |  |  | 685.9 |  |  |  |  |
Corporate and Other / Eliminations | (0.2) |  |  | (4.0) |  |  |  |  |
Total | $ | 1,292.5 |  |  | $ | 1,235.7 |  |  |  |  |
Income (loss) from operations |  |  |  |  |  |  |
MP | $ | 72.1 |  |  | $ | 85.3 |  |  |  |  |
AWP | 107.3 |  |  | 83.1 |  |  |  |  |
Corporate and Other / Eliminations | (21.1) |  |  | (20.7) |  |  |  |  |
Total | $ | 158.3 |  |  | $ | 147.7 |  |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| March 31, 2024 |  | December 31, 2023
Identifiable assets |  |  |
MP | $ | 2,029.0 |  |  | $ | 2,091.4 |
AWP | 2,353.3 |  |  | 2,216.2 |
Corporate and Other / Eliminations | (622.4) |  |  | (692.1) |
Total | $ | 3,759.9 |  |  | $ | 3,615.5 |
Revenue from External Customers by Geographic Areas | Geographic net sales information is presented below (in millions):
|  |  | Three Months Ended March 31, 2024 |  |  | Three Months Ended March 31, 2023
|  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total
Net sales by region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  |  | $ | 236.1 |  |  | $ | 556.1 |  |  | $ | 2.2 |  |  | $ | 794.4 |  |  |  |  | $ | 248.0 |  |  | $ | 433.6 |  |  | $ | 2.8 |  |  | $ | 684.4 |
Western Europe |  |  | 136.1 |  |  | 125.7 |  |  | 0.1 |  |  | 261.9 |  |  |  |  | 150.6 |  |  | 140.2 |  |  | 0.1 |  |  | 290.9 |
Asia-Pacific |  |  | 103.1 |  |  | 43.9 |  |  | — |  |  | 147.0 |  |  |  |  | 97.9 |  |  | 54.4 |  |  | 0.2 |  |  | 152.5 |
Rest of World (1) |  |  | 44.7 |  |  | 47.0 |  |  | (2.5) |  |  | 89.2 |  |  |  |  | 57.3 |  |  | 57.7 |  |  | (7.1) |  |  | 107.9 |
Total (2) |  |  | $ | 520.0 |  |  | $ | 772.7 |  |  | $ | (0.2) |  |  | $ | 1,292.5 |  |  |  |  | $ | 553.8 |  |  | $ | 685.9 |  |  | $ | (4.0) |  |  | $ | 1,235.7 |
(1) Includes intercompany sales and eliminations. (2) Total sales include $732.5 million and $628.8 million for the three months ended March 31, 2024 and 2023, 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 March 31, 2024 |  |  |  | Three Months Ended March 31, 2023
|  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total |  |  |  | MP |  | AWP |  | Corporate and Other / Eliminations |  | Total
Net sales by product type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial Work Platforms |  |  | $ | — |  |  | $ | 542.1 |  |  | $ | 0.7 |  |  | $ | 542.8 |  |  |  |  | $ | — |  |  | $ | 484.3 |  |  | $ | 0.5 |  |  | $ | 484.8 |
Materials Processing Equipment |  |  | 357.0 |  |  | — |  |  | — |  |  | 357.0 |  |  |  |  | 334.4 |  |  | — |  |  | — |  |  | 334.4 |
Specialty Equipment |  |  | 162.5 |  |  | — |  |  | — |  |  | 162.5 |  |  |  |  | 215.7 |  |  | — |  |  | 0.3 |  |  | 216.0 |
Utility Equipment |  |  | — |  |  | 150.3 |  |  | — |  |  | 150.3 |  |  |  |  | — |  |  | 128.4 |  |  | — |  |  | 128.4 |
Other (1) |  |  | 0.5 |  |  | 80.3 |  |  | (0.9) |  |  | 79.9 |  |  |  |  | 3.7 |  |  | 73.2 |  |  | (4.8) |  |  | 72.1 |
Total |  |  | $ | 520.0 |  |  | $ | 772.7 |  |  | $ | (0.2) |  |  | $ | 1,292.5 |  |  |  |  | $ | 553.8 |  |  | $ | 685.9 |  |  | $ | (4.0) |  |  | $ | 1,235.7 |
(1) Includes other product types, intercompany sales and eliminations.

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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