Business Segment Information (Tables)

12 Months Ended

Sep. 30, 2020

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):

	Fiscal Year Ended September 30,
	2020								2019								2018
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Access Equipment
Aerial work platforms	$	1,101.7	$	—		$	1,101.7		$	1,944.4	$	—		$	1,944.4		$	2,017.2	$	—		$	2,017.2
Telehandlers		680.4		—			680.4			1,254.9		—			1,254.9			948.9		—			948.9
Other		723.6		9.4			733.0			880.4		—			880.4			810.7		—			810.7
Total Access Equipment		2,505.7		9.4			2,515.1			4,079.7		—			4,079.7			3,776.8		—			3,776.8

Defense		2,260.3		1.9			2,262.2			2,030.3		1.8			2,032.1			1,827.3		1.6			1,828.9

Fire & Emergency		1,138.1		9.0			1,147.1			1,249.8		16.3			1,266.1			1,053.6		16.1			1,069.7

Commercial
Concrete placement		403.5		—			403.5			439.9		—			439.9			491.8		—			491.8
Refuse collection		437.2		—			437.2			451.9		—			451.9			438.3		—			438.3
Other		110.6		6.5			117.1			128.3		2.1			130.4			116.7		7.9			124.6
Total Commercial		951.3		6.5			957.8			1,020.1		2.1			1,022.2			1,046.8		7.9			1,054.7
Corporate and intersegment eliminations		1.4		(26.8	)		(25.4	)		2.1		(20.2	)		(18.1	)		1.0		(25.6	)		(24.6	)
Consolidated	$	6,856.8	$	—		$	6,856.8		$	8,382.0	$	—		$	8,382.0		$	7,705.5	$	—		$	7,705.5

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

	Fiscal Year Ended September 30,
	2020			2019			2018
Operating income (loss):
Access Equipment ^(a)	$	198.6		$	502.6		$	387.5
Defense ^(b)		183.5			203.3			225.4
Fire & Emergency ^(c)		151.1			176.5			137.6
Commercial ^(d)		81.2			66.8			67.5
Corporate ^(e)		(125.7	)		(152.2	)		(162.0	)
Consolidated		488.7			797.0			656.0
Interest expense, net of interest income ^(f)		(51.8	)		(47.6	)		(55.6	)
Miscellaneous other (expense) income ^(g)		2.2			1.3			(5.8	)
Income before income taxes and earnings (losses) of unconsolidated affiliates	$	439.1		$	750.7		$	594.6

^(a)	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.

^(b)

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).

^(c)	Fiscal 2020 includes $1.4 million of restructuring costs.

^(d)

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

^(e)	Fiscal 2020 includes $1.1 million of restructuring costs.

⁽^f⁾	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.

^(g)	Fiscal 2020 results include a $6.2 million gain from insurance proceeds in excess of property loss in the Commercial segment.

Schedule of Depreciation, Amortization and Capital Expenditure by Segment

	Fiscal Year Ended September 30,
	2020		2019		2018
Depreciation and amortization:
Access Equipment ^(a)	$	42.1	$	58.2	$	61.1
Defense		20.1		17.3		15.2
Fire & Emergency		10.0		9.5		9.5
Commercial ^(b)		17.1		12.4		12.9
Corporate		14.9		17.8		21.8
Consolidated	$	104.2	$	115.2	$	120.5
Capital expenditures:
Access Equipment ^(c)	$	56.5	$	61.4	$	34.2
Defense		32.3		31.4		29.1
Fire & Emergency		6.8		12.8		12.8
Commercial ^(c)		18.9		18.1		12.0
Corporate ^(d)		15.7		50.5		12.0
Consolidated	$	130.2	$	174.2	$	100.1

^(a)	Includes $2.8 million of accelerated deprecation associated with restructuring actions in fiscal 2020.

^(b)	Includes $4.1 million of accelerated deprecation associated with restructuring actions in fiscal 2020.

⁽^c⁾	Capital expenditures include both the purchase of property, plant and equipment and equipment held for rental.

⁽^d⁾	Capital expenditures include capital spending for the construction of the Company’s new global headquarters.

Schedule of Identifiable Assets by Business Segments and by Geographical Areas

	September 30,
	2020		2019
Identifiable assets:
Access Equipment:
U.S.	$	2,151.4	$	2,317.2
Europe, Africa and Middle East		383.4		403.4
Rest of the world ^(a)		359.0		252.6
Total Access Equipment		2,893.8		2,973.2
Defense:
U.S.		1,055.5		883.0
Rest of the world		7.2		6.7
Total Defense		1,062.7		889.7
Fire & Emergency - U.S.		586.8		587.9
Commercial:
U.S.		370.7		383.6
Rest of the world		47.5		48.9
Total Commercial		418.2		432.5
Corporate:
U.S. ^(b)		854.4		597.6
Rest of the world ^(a)		—		85.4
Total Corporate		854.4		683.0
Consolidated	$	5,815.9	$	5,566.3

⁽^a⁾	Control of a shared manufacturing facility in Mexico transferred to the Access Equipment segment effective October 1, 2019.

⁽^b⁾	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):

	Fiscal Year Ended September 30, 2020
	Access Equipment		Defense		Fire & Emergency		Commercial		Eliminations			Total
Net sales:
North America	$	1,881.6	$	2,151.1	$	1,069.4	$	947.0	$	(25.4	)	$	6,023.7
Europe, Africa and Middle East		275.3		107.0		29.8		1.6		—			413.7
Rest of the World		358.2		4.1		47.9		9.2		—			419.4
Consolidated	$	2,515.1	$	2,262.2	$	1,147.1	$	957.8	$	(25.4	)	$	6,856.8

	Fiscal Year Ended September 30, 2019
	Access Equipment		Defense		Fire & Emergency		Commercial		Eliminations			Total
Net sales:
North America	$	3,147.9	$	1,946.7	$	1,142.3	$	997.8	$	(18.1	)	$	7,216.6
Europe, Africa and Middle East		548.6		84.0		27.7		3.9		—			664.2
Rest of the World		383.2		1.4		96.1		20.5		—			501.2
Consolidated	$	4,079.7	$	2,032.1	$	1,266.1	$	1,022.2	$	(18.1	)	$	8,382.0

	Fiscal Year Ended September 30, 2018
	Access Equipment		Defense		Fire & Emergency		Commercial		Eliminations			Total
Net sales:
North America	$	2,849.9	$	1,612.9	$	1,006.8	$	1,044.6	$	(24.6	)	$	6,489.6
Europe, Africa and Middle East		630.2		215.0		4.7		1.9		—			851.8
Rest of the World		296.7		1.0		58.2		8.2		—			364.1
Consolidated	$	3,776.8	$	1,828.9	$	1,069.7	$	1,054.7	$	(24.6	)	$	7,705.5