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BUSINESS SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Business Segment Information

Business segment information is presented below (in millions):

			Three Months Ended March 31, 2025
			MP						Aerials						ES						Total
Net sales			$	382					$	450					$	399					$	1,231
Reconciliation of net sales
Corporate and Other / Eliminations																					(2)
Consolidated net sales																					1,229
Less: (1)
Cost of goods sold			301						390						311						1,002
Compensation expense			25						23						20						68
Other segment items (2)			20						35						12						67
Segment operating profit			$	36					$	2					$	56					$	94
Reconciliation of operating profit
Corporate and Other / Eliminations																					(25)
Consolidated operating profit																					$	69

(1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.

(2) Other segment items includes corporate management charges, professional services, travel & entertainment, depreciation & amortization, property & utilities, selling & marketing, research & development and communication & software expenses. Individually, each of these categories represents an insignificant amount.

			Three Months Ended March 31, 2024
			MP						Aerials						ES						Total
Net sales			$	520					$	623					$	151					$	1,294
Reconciliation of net sales
Corporate and Other / Eliminations																					(2)
Consolidated net sales																					1,292
Less: (1)
Cost of goods sold			398						479						122						999
Compensation expense			28						25						6						59
Other segment items (2)			22						27						8						57
Segment operating profit			$	72					$	92					$	15					$	179
Reconciliation of operating profit
Corporate and Other / Eliminations																					(21)
Consolidated operating profit																					$	158

(1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.

(2) Other segment items includes corporate management charges, professional services, travel & entertainment, depreciation & amortization, property & utilities, selling & marketing, research & development and communication & software expenses. Individually, each of these categories represents an insignificant amount.

									Three Months Ended March 31,
									2025						2024
Depreciation and amortization
MP									$	5					$	5
Aerials									6						6
ES									24						2
Corporate									4						2
Total									$	39					$	15
Capital expenditures
MP									$	4					$	13
Aerials									23						19
ES									7						1
Corporate									2						2
Total									$	36					$	35

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

			March 31, 2025						December 31, 2024
Identifiable assets
MP			$	1,943					$	1,885
Aerials			1,767						1,660
ES			2,823						2,806
Corporate and Other / Eliminations			(693)						(621)
Total			$	5,840					$	5,730

Revenue from External Customers by Geographic Areas

Geographic net sales information is presented below (in millions):

									Three Months Ended March 31, 2025
									MP						Aerials						ES						Corporate and Other / Eliminations						Total
Net sales by region
North America									$	171					$	331					$	396					$	—					$	898
Western Europe									95						67						—						—						162
Asia-Pacific									76						25						1						—						102
Rest of World (1)									40						27						2						(2)						67
Total (2)									$	382					$	450					$	399					$	(2)					$	1,229

(1) Includes intercompany sales and eliminations.

(2)     Total sales for all segments in the aggregate include $817 million for the three months ended March 31, 2025 attributable to the U.S., the Company’s country of domicile.

						Three Months Ended March 31, 2024
						MP						Aerials						ES						Corporate and Other / Eliminations						Total
Net sales by region
North America						$	236					$	408					$	148					$	2					$	794
Western Europe						136						126						—						—						262
Asia-Pacific						103						42						2						—						147
Rest of World (1)						45						47						1						(4)						89
Total (2)						$	520					$	623					$	151					$	(2)					$	1,292

(1) Includes intercompany sales and eliminations.

(2)     Total sales for all segments in the aggregate include $733 million for the three months ended March 31, 2024 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, 2025
									MP						Aerials						ES						Corporate and Other / Eliminations						Total
Net sales by product type
Aerial Work Platforms									$	—					$	386					$	—					$	—					$	386
Materials Processing Equipment									237						—						—						—						237
Specialty Equipment									145						—						—						—						145
Utility Equipment									—						—						132						—						132
ESG Equipment									—						—						243						—						243
Other (1)									—						64						24						(2)						86
Total									$	382					$	450					$	399					$	(2)					$	1,229

(1)     Includes other product types, intercompany sales and eliminations.

						Three Months Ended March 31, 2024
						MP						Aerials						ES						Corporate and Other / Eliminations						Total
Net sales by product type
Aerial Work Platforms						$	—					$	542					$	—					$	—					$	542
Materials Processing Equipment						357						—						—						—						357
Specialty Equipment						163						—						—						—						163
Utility Equipment						—						—						151						—						151
ESG Equipment						—						—						—						—						—
Other (1)						—						81						—						(2)						79
Total						$	520					$	623					$	151					$	(2)					$	1,292

(1)     Includes other product types, intercompany sales and eliminations.

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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-Topic 280
-SubTopic 10
-Section 50
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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.

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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.

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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.

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