Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Product Lines and Reportable Segments

Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions):

	Three Months Ended March 31,
	2023								2022
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Net sales:
Access
Aerial work platforms	$	602.0	$	—		$	602.0		$	439.7	$	—		$	439.7
Telehandlers		341.4		—			341.4			229.7		—			229.7
Other		249.8		—			249.8			213.6		0.1			213.7
Total Access		1,193.2		—			1,193.2			883.0		0.1			883.1
Defense		512.8		0.3			513.1			535.2		0.4			535.6
Vocational
Fire apparatus		288.4		—			288.4			279.9		—			279.9
Refuse collection		141.9		—			141.9			129.3		—			129.3
Other		131.7		0.7			132.4			118.3		1.8			120.1
Total Vocational		562.0		0.7			562.7			527.5		1.8			529.3
Corporate and intersegment eliminations		0.1		(1.0	)		(0.9	)		—		(2.3	)		(2.3	)
Consolidated	$	2,268.1	$	—		$	2,268.1		$	1,945.7	$	—		$	1,945.7

Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments

	Three Months Ended March 31,
	2023			2022
Operating income (loss):
Access	$	135.0		$	5.7
Defense		1.7			19.4
Vocational		28.1			41.0
Corporate		(34.0	)		(34.3	)
Consolidated		130.8			31.8
Interest expense, net of interest income		(7.2	)		(11.6	)
Miscellaneous other income		5.8			1.1
Income before income taxes and losses of unconsolidated affiliates	$	129.4		$	21.3

Schedule of Identifiable Assets by Business Segments and by Geographical Areas

	March 31, 2023		December 31, 2022
Identifiable assets:
Access:
U.S.	$	2,712.8	$	2,493.0
Europe, Africa and Middle East		691.6		562.2
Rest of the World		430.8		428.4
Total Access		3,835.2		3,483.6
Defense:
U.S.		2,077.0		2,060.0
Rest of the World		6.8		6.9
Total Defense		2,083.8		2,066.9
Vocational:
U.S.		1,102.0		1,063.4
Rest of the World		36.5		64.6
Total Vocational		1,138.5		1,128.0
Corporate - U.S. (a)		858.9		1,050.5
Consolidated	$	7,916.4	$	7,729.0

(a)Primarily includes cash and short-term investments and the Company’s global headquarters.

Schedule of Net Sales by Geographical Areas

The following table presents net sales by geographic region based on product shipment destination (in millions):

	Three Months Ended March 31, 2023
	Access		Defense		Vocational		Eliminations			Total
Net sales:
North America	$	948.6	$	427.6	$	553.4	$	(0.9	)	$	1,928.7
Europe, Africa and Middle East		136.7		85.3		1.7		—			223.7
Rest of the World		107.9		0.2		7.6		—			115.7
Consolidated	$	1,193.2	$	513.1	$	562.7	$	(0.9	)	$	2,268.1

	Three Months Ended March 31, 2022
	Access		Defense		Vocational		Eliminations			Total
Net sales:
North America	$	732.9	$	524.3	$	514.7	$	(2.3	)	$	1,769.6
Europe, Africa and Middle East		81.0		11.0		0.9		—			92.9
Rest of the World		69.2		0.3		13.7		—			83.2
Consolidated	$	883.1	$	535.6	$	529.3	$	(2.3	)	$	1,945.7