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Goodwill and Purchased Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table presents changes in goodwill (in millions):

 

 

Access
Equipment

 

 

Defense

 

 

Fire &
Emergency

 

 

Commercial

 

 

Total

 

Net goodwill at September 30, 2020

 

$

882.6

 

 

$

 

 

$

106.1

 

 

$

20.8

 

 

$

1,009.5

 

Foreign currency translation

 

 

(2.0

)

 

 

 

 

 

 

 

 

0.1

 

 

 

(1.9

)

Acquisition

 

 

 

 

 

44.4

 

 

 

 

 

 

 

 

 

44.4

 

Net goodwill at September 30, 2021

 

 

880.6

 

 

 

44.4

 

 

 

106.1

 

 

 

20.9

 

 

 

1,052.0

 

Foreign currency translation

 

 

(3.0

)

 

 

 

 

 

 

 

 

 

 

 

(3.0

)

Net goodwill at December 31, 2021

 

 

877.6

 

 

 

44.4

 

 

 

106.1

 

 

 

20.9

 

 

 

1,049.0

 

Foreign currency translation

 

 

(11.8

)

 

 

 

 

 

(0.3

)

 

 

(0.2

)

 

 

(12.3

)

Acquisition

 

 

 

 

 

 

 

 

7.4

 

 

 

 

 

 

7.4

 

Impairment

 

 

 

 

 

 

 

 

 

 

 

(2.1

)

 

 

(2.1

)

Net goodwill at December 31, 2022

 

$

865.8

 

 

$

44.4

 

 

$

113.2

 

 

$

18.6

 

 

$

1,042.0

 

Schedule of Company's Goodwill Allocated to the Reportable Segments

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

 

 

December 31, 2022

 

 

 

Gross

 

 

Accumulated
Impairment

 

 

Net

 

Access Equipment

 

$

1,797.9

 

 

$

(932.1

)

 

$

865.8

 

Defense

 

 

44.4

 

 

 

 

 

 

44.4

 

Fire & Emergency

 

 

115.2

 

 

 

(2.0

)

 

 

113.2

 

Commercial

 

 

188.3

 

 

 

(169.7

)

 

 

18.6

 

 

 

$

2,145.8

 

 

$

(1,103.8

)

 

$

1,042.0

 

 

 

 

December 31, 2021

 

 

 

Gross

 

 

Accumulated
Impairment

 

 

Net

 

Access Equipment

 

$

1,809.7

 

 

$

(932.1

)

 

$

877.6

 

Defense

 

 

44.4

 

 

 

 

 

 

44.4

 

Fire & Emergency

 

 

108.1

 

 

 

(2.0

)

 

 

106.1

 

Commercial

 

 

188.5

 

 

 

(167.6

)

 

 

20.9

 

 

 

$

2,150.7

 

 

$

(1,101.7

)

 

$

1,049.0

 

 

 

 

September 30, 2021

 

 

 

Gross

 

 

Accumulated
Impairment

 

 

Net

 

Access Equipment

 

$

1,812.7

 

 

$

(932.1

)

 

$

880.6

 

Defense

 

 

44.4

 

 

 

 

 

 

44.4

 

Fire & Emergency

 

 

108.1

 

 

 

(2.0

)

 

 

106.1

 

Commercial

 

 

188.5

 

 

 

(167.6

)

 

 

20.9

 

 

 

$

2,153.7

 

 

$

(1,101.7

)

 

$

1,052.0

 

 

Schedule of Purchased Intangible Assets

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

 

 

December 31, 2022

 

 

 

Weighted-
Average
Life

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Distribution network

 

 

39.2

 

 

$

55.3

 

 

$

(37.0

)

 

$

18.3

 

Technology-related

 

 

12.0

 

 

 

108.3

 

 

 

(104.4

)

 

 

3.9

 

Customer relationships

 

 

12.6

 

 

 

576.6

 

 

 

(557.3

)

 

 

19.3

 

Other

 

 

10.9

 

 

 

50.2

 

 

 

(22.1

)

 

 

28.1

 

 

 

 

14.2

 

 

 

790.4

 

 

 

(720.8

)

 

 

69.6

 

Non-amortizable trade names

 

 

 

 

 

387.4

 

 

 

 

 

 

387.4

 

 

 

 

 

 

$

1,177.8

 

 

$

(720.8

)

 

$

457.0

 

 

 

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

 

 

 

 

September 30, 2021

 

 

 

Weighted-
Average
Life

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Distribution network

 

 

39.1

 

 

$

55.4

 

 

$

(35.1

)

 

$

20.3

 

Technology-related

 

 

11.9

 

 

 

104.7

 

 

 

(103.9

)

 

 

0.8

 

Customer relationships

 

 

12.6

 

 

 

572.6

 

 

 

(550.0

)

 

 

22.6

 

Other

 

 

12.1

 

 

 

23.6

 

 

 

(17.6

)

 

 

6.0

 

 

 

 

14.4

 

 

 

756.3

 

 

 

(706.6

)

 

 

49.7

 

Non-amortizable trade names

 

 

 

 

 

417.1

 

 

 

 

 

 

417.1

 

 

 

 

 

 

$

1,173.4

 

 

$

(706.6

)

 

$

466.8