Goodwill and Purchased Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table presents changes in goodwill during the nine months ended September 30, 2022 (in millions):

	Access Equipment			Defense		Fire & Emergency			Commercial			Total
Net goodwill at December 31, 2021	$	877.6		$	44.4	$	106.1		$	20.9		$	1,049.0
Foreign currency translation		(26.9	)		—		(0.5	)		(0.2	)		(27.6	)
Acquisition		—			—		7.4			—			7.4
Impairment		—			—		—			(2.1	)		(2.1	)
Net goodwill at September 30, 2022	$	850.7		$	44.4	$	113.0		$	18.6		$	1,026.7

Schedule of Company's Goodwill Allocated to the Reportable Segments

The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions):

	September 30, 2022							December 31, 2021
	Gross		Accumulated Impairment			Net		Gross		Accumulated Impairment			Net
Access Equipment	$	1,782.8	$	(932.1	)	$	850.7	$	1,809.7	$	(932.1	)	$	877.6
Defense		44.4		—			44.4		44.4		—			44.4
Fire & Emergency		115.0		(2.0	)		113.0		108.1		(2.0	)		106.1
Commercial		188.3		(169.7	)		18.6		188.5		(167.6	)		20.9
	$	2,130.5	$	(1,103.8	)	$	1,026.7	$	2,150.7	$	(1,101.7	)	$	1,049.0

Schedule of Purchased Intangible Assets

Details of the Company’s total purchased intangible assets are as follows (in millions):

	September 30, 2022
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Distribution network		39.2	$	55.3	$	(36.6	)	$	18.7
Technology-related		12.0		108.2		(104.2	)		4.0
Customer relationships		12.6		576.4		(555.7	)		20.7
Other		11.8		23.5		(21.2	)		2.3
		14.4		763.4		(717.7	)		45.7
Non-amortizable trade names				419.5		—			419.5
			$	1,182.9	$	(717.7	)	$	465.2

	December 31, 2021
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Distribution network		39.2	$	55.4	$	(35.6	)	$	19.8
Technology-related		11.9		104.7		(104.0	)		0.7
Customer relationships		12.6		572.6		(551.3	)		21.3
Other		12.1		23.6		(18.5	)		5.1
		14.4		756.3		(709.4	)		46.9
Non-amortizable trade names				417.1		—			417.1
			$	1,173.4	$	(709.4	)	$	464.0