XML 152 R136.htm IDEA: XBRL DOCUMENT v3.20.2
Business Segment Information - Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2020
[1]
Jun. 30, 2020
[2]
Mar. 31, 2020
[3]
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
[4]
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating income (loss):                      
Operating income (loss) $ 127.4 $ 118.6 $ 133.6 $ 109.1 $ 203.1 $ 257.8 $ 175.6 $ 160.5 $ 488.7 $ 797.0 $ 656.0
Interest expense, net of interest income [5]                 (51.8) (47.6) (55.6)
Miscellaneous other (expense) income [6]                 2.2 1.3 (5.8)
Income before income taxes and earnings (losses) of unconsolidated affiliates                 439.1 750.7 594.6
Commercial                      
Operating income (loss):                      
Miscellaneous other (expense) income                 6.2    
Operating Segments | Access Equipment                      
Operating income (loss):                      
Operating income (loss) [7]                 198.6 502.6 387.5
Operating Segments | Defense                      
Operating income (loss):                      
Operating income (loss) [8]                 183.5 203.3 225.4
Operating Segments | Fire & Emergency                      
Operating income (loss):                      
Operating income (loss) [9]                 151.1 176.5 137.6
Operating Segments | Commercial                      
Operating income (loss):                      
Operating income (loss) [10]                 81.2 66.8 67.5
Corporate, Non-segment                      
Operating income (loss):                      
Operating income (loss) [11]                 $ (125.7) $ (152.2) $ (162.0)
[1]

The fourth quarter of fiscal 2020 was impacted by restructuring-related charges of $13.0 million ($9.5 million, net of tax) in the Access Equipment, Fire & Emergency and Commercial segments and Corporate, a gain of $4.2 million ($3.2 million, net of tax) for an arbitration settlement in the Defense segment, business interruption insurance proceeds of $18.5 million ($14.2 million, net of tax) in the Commercial segment and a gain on the sale of a business of $3.1 million ($2.8 million net of tax) in the Commercial segment.

[2]

The third quarter of fiscal 2020 was impacted by restructuring charges of $10.2 million ($8.4 million, net of tax) in the Access Equipment, Fire & Emergency and Commercial segments.

[3]

The second quarter of fiscal 2020 was impacted by debt extinguishment costs of $8.5 million ($6.5 million, net of tax) and a tax charge of $11.4 million related to the establishment of a valuation allowance on net operating losses for an entity in Europe.

[4] The first quarter of fiscal 2019 was impacted by tax expense related to tax reform in the U.S. of $7.0 million.
[5] Fiscal 2020 results include $8.5 million in debt extinguishment costs and $3.3 million interest income from an arbitration settlement in the Defense segment. Fiscal 2018 results include $9.9 million in debt extinguishment costs.
[6] Fiscal 2020 results include a $6.2 million gain from insurance proceeds in excess of property loss in the Commercial segment.
[7] Fiscal 2020 results include $10.4 million of restructuring costs and $4.7 million operating expenses related to restructuring plans. Fiscal 2018 results include $4.7 million of restructuring costs and $24.8 million of operating expenses related to restructuring plans.
[8] Fiscal 2020 results include reimbursement of $0.9 million of legal costs associated with an arbitration settlement. Fiscal 2018 results include a $19.0 million gain for a litigation settlement (See Note 18 of the Notes to Consolidated Financial Statements for additional details regarding the settlement).
[9] Fiscal 2020 includes $1.4 million of restructuring costs.
[10] Fiscal 2020 results include $1.5 million of restructuring costs, $4.1 million of accelerated depreciation related to restructuring actions, a gain of $12.3 million arising from a business interruption insurance recovery and a gain on the sale of a business of $3.1 million. Fiscal 2018 results include $5.4 million of restructuring costs, a business interruption insurance gain of $6.6 million and a loss on the sale of a small product line of $1.4 million
[11] Fiscal 2020 includes $1.1 million of restructuring costs.