Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Product Lines and Reportable Segments

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

	Three Months Ended September 30,
	2023								2022
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Net sales:
Access
Aerial work platforms	$	654.3	$	—		$	654.3		$	517.1	$	—		$	517.1
Telehandlers		393.8		—			393.8			316.0		—			316.0
Other		270.1		—			270.1			204.8		—			204.8
Total Access		1,318.2		—			1,318.2			1,037.9		—			1,037.9
Defense		499.5		0.6			500.1			518.5		0.2			518.7
Vocational
Fire apparatus		299.5		—			299.5			243.2		—			243.2
Refuse collection		149.2		—			149.2			122.7		—			122.7
Other		243.5		0.4			243.9			144.4		1.4			145.8
Total Vocational		692.2		0.4			692.6			510.3		1.4			511.7
Corporate and intersegment eliminations		—		(1.0	)		(1.0	)		—		(1.6	)		(1.6	)
Consolidated	$	2,509.9	$	—		$	2,509.9		$	2,066.7	$	—		$	2,066.7

	Nine Months Ended September 30,
	2023								2022
	External Customers		Inter- segment			Net Sales			External Customers		Inter- segment			Net Sales
Net sales:
Access
Aerial work platforms	$	1,921.2	$	—		$	1,921.2		$	1,408.3	$	—		$	1,408.3
Telehandlers		1,126.0		—			1,126.0			855.5		—			855.5
Other		792.5		—			792.5			634.1		0.2			634.3
Total Access		3,839.7		—			3,839.7			2,897.9		0.2			2,898.1
Defense		1,510.1		1.2			1,511.3			1,592.6		1.0			1,593.6
Vocational
Fire apparatus		884.4		—			884.4			791.4		—			791.4
Refuse collection		449.0		—			449.0			395.4		—			395.4
Other		507.9		1.5			509.4			401.1		4.9			406.0
Total Vocational		1,841.3		1.5			1,842.8			1,587.9		4.9			1,592.8
Corporate and intersegment eliminations		—		(2.7	)		(2.7	)		—		(6.1	)		(6.1	)
Consolidated	$	7,191.1	$	—		$	7,191.1		$	6,078.4	$	—		$	6,078.4

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Operating income (loss):
Access	$	229.9		$	118.8		$	576.6		$	197.2
Defense (a)		22.8			3.1			30.8			26.3
Vocational (b)		52.5			32.1			141.1			112.9
Corporate		(48.7	)		(36.8	)		(126.3	)		(111.1	)
Consolidated		256.5			117.2			622.2			225.3
Interest expense, net of interest income		(17.7	)		(10.9	)		(33.0	)		(34.4	)
Miscellaneous other income		2.6			(6.8	)		13.2			(20.8	)
Income before income taxes and losses of unconsolidated affiliates	$	241.4		$	99.5		$	602.4		$	170.1

(a)Results for the three and nine months ended September 30, 2023 include a gain of $8.0 million on the sale of the snow removal apparatus business.

(b)Results for the nine months ended September 30, 2023 include a charge of $13.3 million on the sale of the rear discharge mixer business.

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 September 30, 2023
	Access		Defense		Vocational		Eliminations			Total
Net sales:
North America	$	1,048.4	$	426.6	$	663.5	$	(1.0	)	$	2,137.5
Europe, Africa and Middle East		160.0		73.3		16.3		—			249.6
Rest of the World		109.8		0.2		12.8		—			122.8
Consolidated	$	1,318.2	$	500.1	$	692.6	$	(1.0	)	$	2,509.9

	Three Months Ended September 30, 2022
	Access		Defense		Vocational		Eliminations			Total
Net sales:
North America	$	866.6	$	499.7	$	504.9	$	(1.6	)	$	1,869.6
Europe, Africa and Middle East		85.4		18.8		0.4		—			104.6
Rest of the World		85.9		0.2		6.4		—			92.5
Consolidated	$	1,037.9	$	518.7	$	511.7	$	(1.6	)	$	2,066.7

	Nine Months Ended September 30, 2023
	Access		Defense		Vocational		Eliminations			Total
Net sales:
North America	$	3,048.9	$	1,279.9	$	1,795.9	$	(2.7	)	$	6,122.0
Europe, Africa and Middle East		450.9		230.7		23.0		—			704.6
Rest of the World		339.9		0.7		23.9		—			364.5
Consolidated	$	3,839.7	$	1,511.3	$	1,842.8	$	(2.7	)	$	7,191.1

	Nine Months Ended September 30, 2022
	Access		Defense		Vocational		Eliminations			Total
Net sales:
North America	$	2,441.3	$	1,545.5	$	1,554.5	$	(6.1	)	$	5,535.2
Europe, Africa and Middle East		233.5		47.2		7.9		—			288.6
Rest of the World		223.3		0.9		30.4		—			254.6
Consolidated	$	2,898.1	$	1,593.6	$	1,592.8	$	(6.1	)	$	6,078.4