Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables)

3 Months Ended

Dec. 31, 2012

Separate Financial Information of Subsidiary Guarantors of Indebtedness Disclosure Abstract

Condensed Consolidating Statements of Income

The following condensed supplemental consolidating financial information reflects the summarized financial information of Oshkosh Corporation, the Guarantors on a combined basis and Oshkosh Corporation's non-guarantor subsidiaries on a combined basis (in millions):

Condensed Consolidating Statement of Income

For the Three Months Ended December 31, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	858.4		$	742.7		$	190.2		$	(30.3	)	$	1,761.0
Cost of sales	769.2			608.0			167.7			(30.2		)	1,514.7
Gross income	89.2			134.7			22.5			(0.1		)	246.3
Selling, general and administrative expenses	71.8			73.8			5.5			—			151.1
Amortization of purchased intangibles	0.1			9.9			4.4			—			14.4
Operating income	17.3			51.0			12.6			(0.1		)	80.8
Interest expense	(50.8		)	(14.3		)	(1.1		)	49.5			(16.7		)
Interest income	0.6			10.0			41.4			(49.5		)	2.5
Miscellaneous, net	9.1			(27.7		)	18.9			—			0.3
Income (loss) from continuing operations before income taxes	(23.8		)	19.0			71.8			(0.1		)	66.9
Provision for (benefit from) income taxes	(7.4		)	5.9			22.5			—			21.0
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	(16.4		)	13.1			49.3			(0.1		)	45.9
Equity in earnings (losses) of consolidated subsidiaries	62.9			17.0			11.8			(91.7		)	—
Equity in earnings (losses) of unconsolidated affiliates	—			—			0.6			—			0.6
Income from continuing operations	46.5			30.1			61.7			(91.8		)	46.5
Discontinued operations, net of tax	—			—			—			—			—
Net income	46.5			30.1			61.7			(91.8		)	46.5
Net income attributable to the noncontrolling interest	—			—			—			—			—
Net income attributable to Oshkosh Corporation	$	46.5		$	30.1		$	61.7		$	(91.8	)	$	46.5

Condensed Consolidating Statement of Income

For the Three Months Ended December 31, 2011



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,070.8		$	741.9		$	212.5		$	(149.5	)	$	1,875.7
Cost of sales	950.7			667.5			185.4			(149.4		)	1,654.2
Gross income	120.1			74.4			27.1			(0.1		)	221.5
Selling, general and administrative expenses	54.6			39.4			37.4			—			131.4
Amortization of purchased intangibles	0.1			10.0			4.6			—			14.7
Operating income (loss)	65.4			25.0			(14.9		)	(0.1		)	75.4
Interest expense	(48.1		)	(19.5		)	(1.0		)	48.0			(20.6		)
Interest income	0.5			7.5			40.6			(48.0		)	0.6
Miscellaneous, net	2.1			(35.0		)	27.3			—			(5.6		)
Income (loss) from continuing operations before income taxes	19.9			(22.0		)	52.0			(0.1		)	49.8
Provision for (benefit from) income taxes	4.2			(7.2		)	14.1			—			11.1
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	15.7			(14.8		)	37.9			(0.1		)	38.7
Equity in earnings (losses) of consolidated subsidiaries	23.2			20.4			(6.5		)	(37.1		)	—
Equity in earnings (losses) of unconsolidated affiliates	—			—			0.7			—			0.7
Income from continuing operations	38.9			5.6			32.1			(37.2		)	39.4
Discontinued operations, net of tax	—			—			(0.1		)	—			(0.1		)
Net income	38.9			5.6			32.0			(37.2		)	39.3
Net income attributable to the noncontrolling interest	—			—			(0.4		)	—			(0.4		)
Net income attributable to Oshkosh Corporation	$	38.9		$	5.6		$	31.6		$	(37.2	)	$	38.9

Condensed Consolidating Statements of Comprehensive Income

For the Three Months Ended December 31, 2012



	Oshkosh Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	46.5	$	30.1	$	61.7	$	(91.8	)	$	46.5
Other comprehensive income (loss), net of tax:
Change in fair value of derivative instruments	—		—		—		—			—
Employee pension and postretirement benefits	1.0		—		—		—			1.0
Currency translation adjustments	8.6		—		8.6		(8.6		)	8.6
Total other comprehensive income (loss), net of tax	9.6		—		8.6		(8.6		)	9.6
Comprehensive income	56.1		30.1		70.3		(100.4		)	56.1
Comprehensive (income) loss attributable to the noncontrolling interest	—		—		—		—			—
Comprehensive income attributable to Oshkosh Corporation	$	56.1	$	30.1	$	70.3	$	(100.4	)	$	56.1

Condensed Consolidating Statements of Comprehensive Income

For the Three Months Ended December 31, 2011



	Oshkosh Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	38.9		$	5.6	$	32.0		$	(37.2	)	$	39.3
Other comprehensive income (loss), net of tax:
Change in fair value of derivative instruments	1.4			—		—			—			1.4
Employee pension and postretirement benefits	1.5			—		—			—			1.5
Currency translation adjustments	(8.1		)	2.2		(10.3		)	8.1			(8.1		)
Total other comprehensive income (loss), net of tax	(5.2		)	2.2		(10.3		)	8.1			(5.2		)
Comprehensive income	33.7			7.8		21.7			(29.1		)	34.1
Comprehensive (income) loss attributable to the noncontrolling interest	—			—		(0.4		)	—			(0.4		)
Comprehensive income attributable to Oshkosh Corporation	$	33.7		$	7.8	$	21.3		$	(29.1	)	$	33.7

Condensed Consolidating Balance Sheet

As of December 31, 2012



	Oshkosh Corporation		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	423.7	$	3.2		$	28.8	$	—		$	455.7
Receivables, net	202.9		349.3			133.6		(39.6		)	646.2
Inventories, net	395.0		420.7			242.7		(1.5		)	1,056.9
Other current assets	148.4		42.7			19.9		0.4			211.4
Total current assets	1,170.0		815.9			425.0		(40.7		)	2,370.2
Investment in and advances to consolidated subsidiaries	2,301.1		(1,132.9		)	3,343.3		(4,511.5		)	—
Intangible assets, net	2.4		1,100.5			698.0		—			1,800.9
Other long-term assets	149.8		151.2			131.8		—			432.8
Total assets	$	3,623.3	$	934.7		$	4,598.1	$	(4,552.2	)	$	4,603.9

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	292.2	$	176.8		$	96.5	$	(32.9	)	$	532.6
Customer advances	291.8		186.0			3.9		—			481.7
Other current liabilities	148.3		205.0			77.1		(7.8		)	422.6
Total current liabilities	732.3		567.8			177.5		(40.7		)	1,436.9
Long-term debt, less current maturities	938.7		—			—		—			938.7
Other long-term liabilities	164.4		132.7			143.3		—			440.4
Shareholders' equity	1,787.9		234.2			4,277.3		(4,511.5		)	1,787.9
Total liabilities and shareholders' equity	$	3,623.3	$	934.7		$	4,598.1	$	(4,552.2	)	$	4,603.9

Condensed Consolidating Balance Sheet

As of September 30, 2012



	Oshkosh Corporation		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	500.0	$	5.5		$	35.2	$	—		$	540.7
Receivables, net	388.0		487.5			177.3		(34.2		)	1,018.6
Inventories, net	284.3		415.7			239.3		(1.8		)	937.5
Other current assets	129.2		47.9			20.6		—			197.7
Total current assets	1,301.5		956.6			472.4		(36.0		)	2,694.5
Investment in and advances to consolidated subsidiaries	2,358.1		(1,182.9		)	3,235.8		(4,411.0		)	—
Intangible assets, net	2.5		1,110.4			696.3		—			1,809.2
Other long-term assets	154.7		156.8			132.6		—			444.1
Total assets	$	3,816.8	$	1,040.9		$	4,537.1	$	(4,447.0	)	$	4,947.8

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	326.2	$	288.9		$	96.7	$	(28.5	)	$	683.3
Customer advances	315.4		190.5			4.5		—			510.4
Other current liabilities	213.6		220.2			84.5		(7.5		)	510.8
Total current liabilities	855.2		699.6			185.7		(36.0		)	1,704.5
Long-term debt, less current maturities	955.0		—			—		—			955.0
Other long-term liabilities	153.1		137.3			144.4		—			434.8
Shareholders' equity	1,853.5		204.0			4,207.0		(4,411.0		)	1,853.5
Total liabilities and shareholders' equity	$	3,816.8	$	1,040.9		$	4,537.1	$	(4,447.0	)	$	4,947.8

Condensed Consolidating Statement of Cash Flows

For the Three Months Ended December 31, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	(79.3	)	$	34.3		$	90.1		$	—		$	45.1

Investing activities:
Additions to property, plant and equipment	(3.0		)	(2.9		)	(2.4		)	—			(8.3		)
Additions to equipment held for rental	—			—			(1.1		)	—			(1.1		)
Intercompany investing	130.7			(27.2		)	(96.2		)	(7.3		)	—
Other investing activities	—			—			3.5			—			3.5
Net cash provided (used) by investing activities	127.7			(30.1		)	(96.2		)	(7.3		)	(5.9		)

Financing activities:
Repayment of long-term debt	—			—			—			—			—
Repurchase of common stock	(125.1		)	—			—			—			(125.1		)
Intercompany financing	(0.3		)	(6.5		)	(0.5		)	7.3			—
Other financing activities	0.7			—			—			—			0.7
Net cash provided (used) by financing activities	(124.7		)	(6.5		)	(0.5		)	7.3			(124.4		)

Effect of exchange rate changes on cash	—			—			0.2			—			0.2
Increase (decrease) in cash and cash equivalents	(76.3		)	(2.3		)	(6.4		)	—			(85.0		)
Cash and cash equivalents at beginning of period	500.0			5.5			35.2			—			540.7
Cash and cash equivalents at end of period	$	423.7		$	3.2		$	28.8		$	—		$	455.7

Condensed Consolidating Statement of Cash Flows

For the Three Months Ended December 31, 2011



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	38.3		$	(13.7	)	$	37.3		$	—		$	61.9

Investing activities:
Additions to property, plant and equipment	(5.9		)	(5.4		)	(2.9		)	—			(14.2		)
Additions to equipment held for rental	—			—			(3.5		)	—			(3.5		)
Intercompany investing	(6.5		)	37.2			(23.7		)	(7.0		)	—
Other investing activities	1.9			0.7			0.9			—			3.5
Net cash provided (used) by investing activities	(10.5		)	32.5			(29.2		)	(7.0		)	(14.2		)

Financing activities:
Repayment of long-term debt	(40.0		)	—			—			—			(40.0		)
Repurchase of Common Stock	—			—			—			—			—
Intercompany financing	(0.3		)	(6.5		)	(0.2		)	7.0			—
Other financing activities	0.1			—			—			—			0.1
Net cash provided (used) by financing activities	(40.2		)	(6.5		)	(0.2		)	7.0			(39.9		)

Effect of exchange rate changes on cash	—			0.8			3.2			—			4.0
Increase (decrease) in cash and cash equivalents	(12.4		)	13.1			11.1			—			11.8
Cash and cash equivalents at beginning of period	376.3			13.5			38.7			—			428.5
Cash and cash equivalents at end of period	$	363.9		$	26.6		$	49.8		$	—		$	440.3