Revenue Recognition (Tables)

12 Months Ended

Sep. 30, 2020

Sales And Revenue Recognition [Abstract]

Schedule of Changes Within Defense Segment Due to Contract Adjustments

Contract adjustments resulted in changes within the Defense segment as follows (in millions, except for per share amounts):

	Fiscal Year Ended September 30,
	2020		2019		2018
Net sales	$	31.2	$	63.9	$	2.2
Operating income		16.2		44.7		2.2
Net income		12.4		34.5		1.7
Diluted earnings per share		0.18		0.49		0.02

Disaggregation of Revenue

The table below presents consolidated net sales disaggregated by segment and timing of revenue recognition (in millions):

	Fiscal Year Ended September 30, 2020
	Access Equipment		Defense		Fire & Emergency		Commercial		Corporate and Intersegment Eliminations			Total
Point in time	$	2,437.5	$	6.8	$	1,103.9	$	556.7	$	(26.8	)	$	4,078.1
Over time		77.6		2,255.4		43.2		401.1		1.4			2,778.7
	$	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		Corporate and Intersegment Eliminations			Total
Point in time	$	4,001.6	$	7.4	$	1,220.5	$	591.7	$	(20.1	)	$	5,801.1
Over time		78.1		2,024.7		45.6		430.5		2.0			2,580.9
	$	4,079.7	$	2,032.1	$	1,266.1	$	1,022.2	$	(18.1	)	$	8,382.0

Schedule of Contract Liabilities and Revenue Recognized

Contract liabilities consisted of the following (in millions):

	September 30,
	2020		2019
Customer advances	$	491.4	$	382.0
Other current liabilities		59.5		78.2
Other long-term liabilities		53.7		52.3
Total contract liabilities	$	604.6	$	512.5

	Fiscal Year Ended September 30,
	2020		2019
Beginning liabilities recognized in revenue	$	441.0	$	530.9

Schedule of Changes in Warranty Liability and Unearned Extended Warranty Premiums

Changes in the Company’s service-type warranties were as follows (in millions):

	Fiscal Year Ended September 30,
	2020			2019
Balance at beginning of period	$	68.2		$	30.7
Adoption of ASC 606		—			35.7
Deferred revenue for new service-type warranties		23.6			27.5
Amortization of deferred revenue		(27.9	)		(25.2	)
Foreign currency translation		0.5			(0.5	)
Balance at end of period	$	64.4		$	68.2

Changes in the Company’s assurance-type warranty liability were as follows (in millions):

	Fiscal Year Ended September 30,
	2020			2019
Balance at beginning of year	$	65.1		$	75.3
Adoption of ASC 606		—			(14.4	)
Warranty provisions		43.1			55.5
Settlements made		(55.9	)		(50.2	)
Changes in liability for pre-existing warranties, net		14.8			(0.8	)
Foreign currency translation		0.3			(0.3	)
Balance at end of year	$	67.4		$	65.1

Schedule of Classification of Service-type Warranties in Consolidated Balance Sheets

Classification of service-type warranties in the Consolidated Balance Sheets consisted of the following (in millions):

	September 30,
	2020		2019
Other current liabilities	$	24.7	$	27.8
Other long-term liabilities		39.7		40.4
	$	64.4	$	68.2