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Goodwill
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
GOODWILL

NOTE 7 — GOODWILL

The following table summarizes the changes in the carrying amount of goodwill in total and by reportable segment during the years ended December 31, 2020 and 2021, respectively (amounts in millions):

 

 

 

Material

Handling

 

 

Construction

Equipment

 

 

Total

 

Balance, December 31, 2019

 

$

4.8

 

 

$

3.8

 

 

$

8.6

 

Additions

 

 

5.4

 

 

 

10.3

 

 

 

15.7

 

Balance, December 31, 2020

 

$

10.2

 

 

$

14.1

 

 

$

24.3

 

Additions

 

 

1.4

 

 

 

17.6

 

 

 

19.0

 

Adjustments to purchase price allocations

 

 

 

 

 

(1.4

)

 

 

(1.4

)

Balance, December 31, 2021

 

$

11.6

 

 

$

30.3

 

 

$

41.9

 

 

See Note 20, Business Combinations for further information.