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Equity and Debt Investments
 9 Months Ended
Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Disclosure [Text Block] Equity and Debt Investments
The Company maintains an interest in one variable interest entity, HYGFS. HYGFS is a joint venture with WF formed primarily for the purpose of providing financial services to independent Hyster® and Yale® lift truck dealers and National Account customers in the United States and is included in the Americas segment. The Company does not have a controlling financial interest or have the power to direct the activities that most significantly affect the economic performance of HYGFS. Therefore, the Company is not the primary beneficiary and uses the equity method to account for its 20% interest in HYGFS. The Company does not consider its variable interest in HYGFS to be significant.

The Company has a 50% ownership interest in SN, a limited liability company which was formed primarily to manufacture and distribute Sumitomo-branded lift trucks in Japan and export Hyster®- and Yale®-branded lift trucks and related components and service parts outside of Japan. The Company purchases products from SN under agreed-upon terms. The Company's ownership in SN is also accounted for using the equity method of accounting and is included in the JAPIC segment.

The Company's percentage share of the net income or loss from its equity investments in HYGFS and SN is reported on the line “Income from unconsolidated affiliates” in the “Other (income) expense” section of the unaudited condensed consolidated statements of operations. The Company's equity investments are included on the line “Investments in Unconsolidated Affiliates” in the unaudited condensed consolidated balance sheets.

The Company's equity investments in unconsolidated affiliates recorded on the unaudited condensed consolidated balance sheets are as follows:
September 30, 2023December 31, 2022
HYGFS$20.0 $21.8 
SN31.9 36.0 
Bolzoni0.4 0.4 
Dividends received from unconsolidated affiliates are summarized below:
NINE MONTHS ENDED
SEPTEMBER 30
20232022
HYGFS$10.5 $14.9 
SN— 0.7 
$10.5 $15.6 

Summarized financial information for HYGFS and SN is as follows:
 THREE MONTHS ENDEDNINE MONTHS ENDED
 SEPTEMBER 30SEPTEMBER 30
 2023202220232022
Revenues$106.0 $101.2 $335.3 $311.7 
Gross profit$40.3 $39.2 $123.7 $125.7 
Income from continuing operations$14.1 $13.6 $41.7 $44.7 
Net income$14.1 $13.6 $41.7 $44.7 

The Company has a non-U.S. equity investment in a third party valued using a quoted market price in an active market, or Level 1 in the fair value hierarchy. The Company's investment as of September 30, 2023 and December 31, 2022 was $1.1 million and $0.5 million, respectively. Any gain or loss on the investment is included on the line "Other, net" in the "Other (income) expense" section of the unaudited condensed consolidated statements of operations as follows:
 THREE MONTHS ENDEDNINE MONTHS ENDED
 SEPTEMBER 30SEPTEMBER 30
 2023202220232022
Gain (loss) on equity investment$— $(0.3)$0.5 $(0.9)

The Company has a debt investment in a third party, OneH2, Inc. The Company's investment was $0.8 million as of each September 30, 2023 and December 31, 2022.