Oshkosh Corporation Shareholders' Equity

12 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Oshkosh Corporation Shareholders' Equity

Oshkosh Corporation Shareholders’ Equity

On February 4, 2014, the Company's Board of Directors increased the Company's Common Stock repurchase authorization from the balance then remaining from prior authorizations of 1,787,199 shares to 10.0 million shares. Subsequent to February 4, 2014, the Company repurchased 5,170,170 shares under this authorization at a cost of $250.5 million. As a result, the Company had 4,829,830 shares of Common Stock remaining under this repurchase authorization as of September 30, 2014. Including shares repurchased under prior authorizations, the Company repurchased 8.3 million shares, 6.1 million shares and 0.5 million shares at a cost of $403.3 million, $201.8 million and $13.3 million during fiscal 2014, 2013 and 2012, respectively. The Company is restricted by its Credit Agreement from repurchasing shares in certain situations. See Note 11 of the Notes to Consolidated Financial Statements for information regarding these restrictions.