Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables)

12 Months Ended

Sep. 30, 2012

Separate Financial Information of Subsidiary Guarantors of Indebtedness Disclosure Abstract

Condensed Consolidating Statements of Income

The following condensed supplemental consolidating financial information reflects the summarized financial information of Oshkosh, the Guarantors on a combined basis and Oshkosh’s non-guarantor subsidiaries on a combined basis (in millions):

Condensed Consolidating Statement of Income

For the Year Ended September 30, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	4,100.8		$	3,419.0		$	921.3		$	(260.2	)	$	8,180.9
Cost of sales	3,743.7			2,923.2			783.4			(260.4		)	7,189.9
Gross income	357.1			495.8			137.9			0.2			991.0
Selling, general and administrative expenses	238.4			295.8			33.1			—			567.3
Amortization of purchased intangibles	0.3			39.8			17.6			—			57.7
Intangible asset impairment charges	—			—			—			—			—
Operating income	118.4			160.2			87.2			0.2			366.0
Interest expense	(197.4		)	(75.5		)	(3.9		)	200.8			(76.0		)
Interest income	2.3			28.1			172.3			(200.8		)	1.9
Miscellaneous, net	18.2			(101.7		)	78.3			—			(5.2		)
Income (loss) from continuing operations before income taxes	(58.5		)	11.1			333.9			0.2			286.7
Provision for (benefit from) income taxes	(11.1		)	1.3			67.2			—			57.4
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	(47.4		)	9.8			266.7			0.2			229.3
Equity in earnings (losses) of consolidated subsidiaries	272.5			110.0			32.1			(414.6		)	—
Equity in earnings (losses) of unconsolidated affiliates	(0.4		)	—			2.7			—			2.3
Income (loss) from continuing operations	224.7			119.8			301.5			(414.4		)	231.6
Discontinued operations, net of tax	6.1			(9.9		)	4.1			—			0.3
Net income (loss)	230.8			109.9			305.6			(414.4		)	231.9
Net income attributable to the noncontrolling interest	—			—			(1.1		)	—			(1.1		)
Net income (loss) attributable to Oshkosh Corporation	$	230.8		$	109.9		$	304.5		$	(414.4	)	$	230.8

Condensed Consolidating Statement of Income

For the Year Ended September 30, 2011



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	4,540.2		$	2,409.4		$	875.9		$	(258.0	)	$	7,567.5
Cost of sales	3,873.3			2,106.5			771.6			(262.2		)	6,489.2
Gross income	666.9			302.9			104.3			4.2			1,078.3
Selling, general and administrative expenses	212.0			181.8			115.2			—			509.0
Amortization of purchased intangibles	0.1			39.8			19.4			—			59.3
Intangible asset impairment charges	—			—			2.0			—			2.0
Operating income (loss)	454.8			81.3			(32.3		)	4.2			508.0
Interest expense	(200.2		)	(82.2		)	(3.9		)	195.6			(90.7		)
Interest income	2.9			26.4			171.0			(195.6		)	4.7
Miscellaneous, net	10.7			(120.5		)	111.4			—			1.6
Income (loss) from continuing operations before income taxes	268.2			(95.0		)	246.2			4.2			423.6
Provision for (benefit from) income taxes	93.9			(30.0		)	79.8			1.4			145.1
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	174.3			(65.0		)	166.4			2.8			278.5
Equity in earnings (losses) of consolidated subsidiaries	99.2			56.0			(52.5		)	(102.7		)	—
Equity in earnings (losses) of unconsolidated affiliates	(0.1		)	—			0.6			—			0.5
Income (loss) from continuing operations	273.4			(9.0		)	114.5			(99.9		)	279.0
Discontinued operations, net of tax	—			—			(5.6		)	—			(5.6		)
Net income (loss)	273.4			(9.0		)	108.9			(99.9		)	273.4
Net income attributable to the noncontrolling interest	—			—			—			—			—
Net income (loss) attributable to Oshkosh Corporation	$	273.4		$	(9.0	)	$	108.9		$	(99.9	)	$	273.4

Condensed Consolidating Statement of Income

For the Year Ended September 30, 2010



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	7,341.9		$	3,559.1		$	813.6		$	(1,894.0	)	$	9,820.6
Cost of sales	5,892.1			3,119.5			731.0			(1,892.0		)	7,850.6
Gross income	1,449.8			439.6			82.6			(2.0		)	1,970.0
Selling, general and administrative expenses	196.9			164.4			122.6			—			483.9
Amortization of purchased intangibles	—			40.2			18.8			—			59.0
Intangible asset impairment charges	—			—			2.3			—			2.3
Operating income (loss)	1,252.9			235.0			(61.1		)	(2.0		)	1,424.8
Interest expense	(276.4		)	(170.6		)	(2.5		)	262.4			(187.1		)
Interest income	2.4			18.6			244.4			(262.4		)	3.0
Miscellaneous, net	12.7			(94.9		)	83.2			—			1.0
Income (loss) from continuing operations before income taxes	991.6			(11.9		)	264.0			(2.0		)	1,241.7
Provision for (benefit from) income taxes	328.4			(1.5		)	95.2			(0.7		)	421.4
Income (loss) from continuing operations before equity in earnings (losses) of affiliates	663.2			(10.4		)	168.8			(1.3		)	820.3
Equity in earnings (losses) of consolidated subsidiaries	125.4			(2.4		)	(37.9		)	(85.1		)	—
Equity in earnings (losses) of unconsolidated affiliates	—			—			(4.3		)	—			(4.3		)
Income (loss) from continuing operations	788.6			(12.8		)	126.6			(86.4		)	816.0
Discontinued operations, net of tax	1.4			—			(27.4		)	—			(26.0		)
Net income (loss)	790.0			(12.8		)	99.2			(86.4		)	790.0
Net income attributable to the noncontrolling interest	—			—			—			—			—
Net income (loss) attributable to Oshkosh Corporation	$	790.0		$	(12.8	)	$	99.2		$	(86.4	)	$	790.0

Condensed Consolidating Balance Sheet

As of September 30, 2012



	Oshkosh Corporation		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	500.0	$	5.5		$	35.2	$	—		$	540.7
Receivables, net	388.0		487.5			177.3		(34.2		)	1,018.6
Inventories, net	284.3		415.7			239.3		(1.8		)	937.5
Other current assets	129.2		47.9			20.6		—			197.7
Total current assets	1,301.5		956.6			472.4		(36.0		)	2,694.5
Investment in and advances to consolidated subsidiaries	2,358.1		(1,182.9		)	3,235.8		(4,411.0		)	—
Intangible assets, net	2.5		1,110.4			696.3		—			1,809.2
Other long-term assets	154.7		156.8			132.6		—			444.1
Total assets	$	3,816.8	$	1,040.9		$	4,537.1	$	(4,447.0	)	$	4,947.8

Liabilities and Equity
Current liabilities:
Accounts payable	$	326.2	$	288.9		$	96.7	$	(28.5	)	$	683.3
Customer advances	315.4		190.5			4.5		—			510.4
Other current liabilities	213.6		220.2			84.5		(7.5		)	510.8
Total current liabilities	855.2		699.6			185.7		(36.0		)	1,704.5
Long-term debt, less current maturities	955.0		—			—		—			955.0
Other long-term liabilities	153.1		137.3			144.4		—			434.8
Equity:
Oshkosh Corporation shareholders’ equity	1,853.5		204.0			4,207.0		(4,411.0		)	1,853.5
Noncontrolling interest	—		—			—		—			—
Total equity	1,853.5		204.0			4,207.0		(4,411.0		)	1,853.5
Total liabilities and equity	$	3,816.8	$	1,040.9		$	4,537.1	$	(4,447.0	)	$	4,947.8

Condensed Consolidating Balance Sheet

As of September 30, 2011



	Oshkosh Corporation		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	376.3	$	13.5		$	38.7	$	—		$	428.5
Receivables, net	525.8		521.4			135.8		(93.9		)	1,089.1
Inventories, net	194.0		336.8			257.9		(1.9		)	786.8
Other current assets	86.0		34.8			29.4		—			150.2
Total current assets	1,182.1		906.5			461.8		(95.8		)	2,454.6
Investment in and advances to consolidated subsidiaries	2,506.5		(1,402.6		)	2,902.4		(4,006.3		)	—
Intangible assets, net	2.7		1,131.4			746.1		—			1,880.2
Other long-term assets	167.4		156.6			168.1		—			492.1
Total assets	$	3,858.7	$	791.9		$	4,278.4	$	(4,102.1	)	$	4,826.9

Liabilities and Equity
Current liabilities:
Accounts payable	$	498.6	$	298.7		$	61.3	$	(89.7	)	$	768.9
Customer advances	334.8		120.2			13.6		—			468.6
Other current liabilities	208.3		167.1			85.0		(6.1		)	454.3
Total current liabilities	1,041.7		586.0			159.9		(95.8		)	1,691.8
Long-term debt, less current maturities	1,020.0		—			—		—			1,020.0
Other long-term liabilities	200.4		172.4			145.7		—			518.5
Equity:
Oshkosh Corporation shareholders’ equity	1,596.5		33.5			3,972.7		(4,006.2		)	1,596.5
Noncontrolling interest	0.1		—			0.1		(0.1		)	0.1
Total equity	1,596.6		33.5			3,972.8		(4,006.3		)	1,596.6
Total liabilities and equity	$	3,858.7	$	791.9		$	4,278.4	$	(4,102.1	)	$	4,826.9

Condensed Consolidating Statement of Cash Flows

For the Year Ended September 30, 2012



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	(143.4	)	$	122.2		$	289.5		$	—		$	268.3

Investing activities:
Additions to property, plant and equipment	(24.5		)	(22.7		)	(8.7		)	—			(55.9		)
Additions to equipment held for rental	—			—			(8.4		)	—			(8.4		)
Proceeds from sale of equity method investments	—			—			8.7			—			8.7
Intercompany investing	405.3			(90.6		)	(288.3		)	(26.4		)	—
Other investing activities	5.0			8.6			0.2			—			13.8
Net cash provided (used) by investing activities	385.8			(104.7		)	(296.5		)	(26.4		)	(41.8		)

Financing activities:
Repayment of long-term debt	(105.0		)	(0.1		)	—			—			(105.1		)
Repurchase of Common Stock	(13.3		)	—			—			—			(13.3		)
Debt issuance/amendment costs	(3.1		)	—			—			—			(3.1		)
Intercompany financing	(1.3		)	(26.0		)	0.9			26.4			—
Other financing activities	4.0			—			0.2			—			4.2
Net cash provided (used) by financing activities	(118.7		)	(26.1		)	1.1			26.4			(117.3		)

Effect of exchange rate changes on cash	—			0.6			2.4			—			3.0
Increase (decrease) in cash and cash equivalents	123.7			(8.0		)	(3.5		)	—			112.2
Cash and cash equivalents at beginning of year	376.3			13.5			38.7			—			428.5
Cash and cash equivalents at end of year	$	500.0		$	5.5		$	35.2		$	—		$	540.7

Condensed Consolidating Statement of Cash Flows

For the Year Ended September 30, 2011



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	259.9		$	(35.5	)	$	163.3		$	—		$	387.7

Investing activities:
Additions to property, plant and equipment	(42.2		)	(27.4		)	(12.7		)	—			(82.3		)
Additions to equipment held for rental	—			—			(3.9		)	—			(3.9		)
Intercompany investing	191.9			100.4			(283.5		)	(8.8		)	—
Other investing activities	(3.0		)	0.8			20.1			—			17.9
Net cash provided (used) by investing activities	146.7			73.8			(280.0		)	(8.8		)	(68.3		)

Financing activities:
Repayment of long-term debt	(91.1		)	(0.3		)	—			—			(91.4		)
Net borrowings under revolving credit facilities	(150.0		)	—			—			—			(150.0		)
Debt issuance/amendment costs	(0.1		)	—			—			—			(0.1		)
Intercompany financing	(1.3		)	(26.0		)	18.5			8.8			—
Other financing activities	10.0			—			—			—			10.0
Net cash provided (used) by financing activities	(232.5		)	(26.3		)	18.5			8.8			(231.5		)

Effect of exchange rate changes on cash	—			(1.0		)	2.6			—			1.6
Increase (decrease) in cash and cash equivalents	174.1			11.0			(95.6		)	—			89.5
Cash and cash equivalents at beginning of year	202.2			2.5			134.3			—			339.0
Cash and cash equivalents at end of year	$	376.3		$	13.5		$	38.7		$	—		$	428.5

Condensed Consolidating Statement of Cash Flows

For the Year Ended September 30, 2010



	Oshkosh Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided (used) by operating activities	$	379.2		$	17.9		$	222.6		$	—		$	619.7

Investing activities:
Additions to property, plant and equipment	(56.5		)	(6.7		)	(20.0		)	—			(83.2		)
Additions to equipment held for rental	—			—			(6.3		)	—			(6.3		)
Intercompany investing	262.2			39.8			(253.9		)	(48.1		)	—
Other investing activities	—			(7.8		)	13.4			—			5.6
Net cash provided (used) by investing activities	205.7			25.3			(266.8		)	(48.1		)	(83.9		)

Financing activities:
Repayment of long-term debt	(2,020.4		)	(0.3		)	(0.2		)	—			(2,020.9		)
Net borrowings under revolving credit facilities	150.0			—			—			—			150.0
Proceeds from issuance of long term debt	1,150.0			—			—			—			1,150.0
Debt issuance/amendment costs	(26.3		)	—			—			—			(26.3		)
Intercompany financing	(1.3		)	(46.0		)	(0.8		)	48.1			—
Other financing activities	24.7			—			—			—			24.7
Net cash provided (used) by financing activities	(723.3		)	(46.3		)	(1.0		)	48.1			(722.5		)

Effect of exchange rate changes on cash	—			—			(4.7		)	—			(4.7		)
Increase (decrease) in cash and cash equivalents	(138.4		)	(3.1		)	(49.9		)	—			(191.4		)
Cash and cash equivalents at beginning of year	340.6			5.6			184.2			—			530.4
Cash and cash equivalents at end of year	$	202.2		$	2.5		$	134.3		$	—		$	339.0